Incentives & Regimes

• Cash Rebate

Eligible productions may receive a cash rebate of:
- 25% on qualifying Above the Line (ATL) expenses (e.g. director, producer, cast)
- 45% on qualifying Below the Line (BTL) expenses (e.g. crew, equipment rental, local services)
The final rebate is subject to audit and approval by the Evaluation Committee.

• Tax Credit

Productions may alternatively opt for a tax credit equal to the eligible expenditure incurred in Cyprus, which can be used against the taxable income of the production company.

• Tax Deduction

Investments in audiovisual infrastructure or technical equipment may qualify for increased tax deductions when incurred for the purposes of audiovisual production in Cyprus.

To qualify for the scheme, productions must meet cultural and technical criteria, as assessed by the Cyprus Film Scheme Evaluation Committee. Eligible formats include feature films, television series, documentaries, animations, and more. Pre-approval is required before filming begins.

1. Submission of a pre-approval application to Invest Cyprus.
2. Evaluation by the Cyprus Film Scheme Committee based on content and budget.
3. Production and audit of expenses by approved auditors (such as Exectus).
4. Submission of final application with audited costs.
5. Disbursement of rebate or issuance of tax certificate upon approval.

1. Exectus is an approved auditor for the Cyprus audiovisual scheme. We assist clients from budgeting through to final certification, ensuring a smooth and compliant experience throughout the entire process. Our services include review of eligible costs, preparation of audit reports, liaison with Invest Cyprus, and advisory on benefit selection.