25% CASH REBATE
The recent implementation of the cash rebate system (L.4487/2017) for the production of audiovisual works in Greece is a decisive step towards attracting film, television, documentary, animation producers and digital games developing companies to invest in the Greek creative sector.
The rebate amounts to 25% on the eligible expenses incurred in Greece for all beneficiaries. Producers will have access to state aid once they pass the cultural test and spend at least €100,000 in eligible expenses in Greece. The maximum amount payable per audiovisual work cannot exceed €5,000,000. The cash rebate will be available to producers no later than six months after the completion of production, provided that all prerequisites of L.4487/2017 have been met.
The cash rebate for the audiovisual industry in Greece is administered by the National Centre of Audiovisual Media & Communication (EKOME S.A., www.ekome.media), a legal entity governed by private law and controlled by the Greek state.
Financing of the rebate is guaranteed through the Greek Public Investment Program and amounts to a total of €75m available for the years 2018 to 2022.
What is eligible for cash rebate?
The cash rebate for the production of audiovisual works supports feature films, documentaries, TV drama series, animated films and digital games that choose Greece as location in either principal photography and production development and/or post-production stage. The rebate does not apply to commercials, reality TV shows, TV games, sports or current affairs shows.
Applications may be made for international and domestic productions and/or co-productions to obtain a 25% cash rebate on the sum of eligible expenses incurred in Greek territory.
Who is eligible for the cash rebate?
Eligible to apply for cash rebate in Greece are undertakings which are established or have a branch in the Greek territory and operate in order to produce audiovisual works, foreign producers of audiovisual works who are contracted with an undertaking established or having a branch in Greek territory and operating for the purpose of producing audiovisual works and undertakings for the production of audiovisual works in the context of cross-border production.
Important Note: Applications should be submitted only by the Greek partner company. However, beneficiary and applicant may not necessarily coincide. Namely, a beneficiary may be the Greek producer, co-producer or production service provider, or their foreign partner.
When is the cash rebate payable?
The cash rebate is paid to producers no later than six months after the completion of the production and/or post-production in Greece, provided that all prerequisites of L.4487/2017 have been met.
For cash rebate inquiries, please contact:
EKOME S.A. – National Centre of Audiovisual Media and Communication
President and CEO
+30 210 9098052
Vasiliki Ch. Diagouma
Communication and Public Relations
+30 6976 768276
Cash Rebate Administration
+30 210 9098051