PODGORICA: Montenegro has launched a new scheme that will provide producers with cash rebates of 25% on qualifying production expenditure.
Until recently, the return of funds spent in Montenegro amounted to 20% of the funds invested in film production.
The Film Centre of Montenegro has initiated this change in order to encourage filming at domestic locations and to make a positive impact on new projects of foreign producers that intend to film in Montenegro.
Foreign productions have the possibility to get a cash rebate of the invested funds for the film/television project. The refund can cover up to 25% of eligible expenditures spent in Montenegro for the making of the film and is granted after meeting certain conditions. The right to a cash rebate may be granted to the producer of a cinematographic work, a co-producer or production company that performs a service, provided that:
- the funds spent for the realization of a cinematographic work in Montenegro are not provided from the budget of Montenegro or the Film Centre and are not less than EUR 100,000;
- all taxes, contributions and other fiscal obligations prescribed by law have been previously settled in Montenegro;
- there are no bankruptcy or liquidation proceedings against the producer; and
- a producer or co-producer has at least one feature film that was shown to the public.
Montenegrin locations were the choice for shooting films like “Coriolanus” (2011) by Ralph Fiennes, “The November Man” (2014) by Roger Donaldson, “Papillon” (2017) by Michael Noer, “Golden Job” (2018) by Ka-lok Chin and many more.
Application forms and more information about the cash rebate scheme can be found on www.fccg.me.