Portugal s Rebates Lure Foreign Shoots, Power Domestic Production
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Portugal’s cash rebate scheme, introduced in 2018, is attracting major international productions and new production outfits and facilities, and providing significant leverage for domestic film and TV productions.
Shoots slowed during the pandemic, with several projects lensed in bubbles, but production is expected to surge in the second half of 2021.
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The current cash rebate is tabbed at 25/30% of eligible production spend and may be upwardly revised in the near future.
€22.5 million ($27.5 million) in total cash rebate has been disbursed since 2018, roughly equally split between international shoots and 100% Portuguese productions and co-productions.
Locations in Portugal Move onto the Radar
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Funded by Turismo de Portugal, the country’s shoot cash rebate aims to increase Portugal’s international visibility. Secretary of State for Tourism Rita Marques stresses that tourism is a key driver of sustainable growth, job creation and foreign investment, as well as promoting Portuguese and European cultural values: “That’s why we have created one of the most competitive film production incentive systems in Europe, especially oriented to those projects that can bring economic social, and environment value and positive impact to the world.”
Portugal boasts the highest number of sunny days in Europe and greener landscapes than much of Southern Europe. Crews are skilled, multi-lingual and offer highly competitive rates.