Incentives and opportunities for filming Where? Tenerife 2021, Tenerife, Canary Islands, Spain Why Tenerife? • Climate, film all year round • Diverse landscapes, the island of stunning locations • Excellent hotels and services • Getting here: Direct flights & major ports • Crew support. Experienced professionals • Animation Industry. Tenerife Isla Cartoon • ICT Infrastructures • Green Productions Content Incentives, excellent tax benefits. The best in Europe. • 50-45% tax rate deduction for Spanish productions • 50-45% tax rebate for foreign productions • Canaries Special Zone 4% corporate tax • 0% IGIC (~VAT) Why Tenerife? 1,700 productions since 2000 • “Fast and Furious 6” • “Jason Bourne” • “Wonder Woman 1984” • ”Dr Who” Roques de Anaga Punta TAGANANA del Hidalgo Punta • ”Rambo: Last Blood” de Anaga Valle Guerra IGUESTE LA LAGUNA SAN ANDRÉS • ”Cleo” Playa de las Teresitas TACORONTE EL SAUZAL SANTA CRUZ DE TENERIFE Tenerife PUERTO DE LA CRUZ Norte • ”Treasure Trekkers” LA ESPERANZA BUENAVISTA GARACHICO DEL NORTE RADAZUL • “The One” ICOD DE LOS VINOS Punta Macizo LOS REALEJOS LA OROTAVA de Teno de Teno CANDELARIA SANTIAGO GÜÍMAR • “Sky Rojo” DEL TEIDE Pico del Teide 3.718 m LOS GIGANTES PUERTO SANTIAGO GUÍA DE ISORA Playa de la Arena PLAYA DE SAN JUAN ARICO VILAFLOR Punta de Abona GRANADILLA Playa Fañabé Warner Bros Pictures, Universal Pictures, Clan TV RTVE, Amazon, ADEJE ARONA COSTA ADEJE SAN MIGUEL PLAYA DE LAS AMÉRICAS Endemol, Netflix, HBO, advertising agencies, photographers. Playa de las Vistas PLAYA DE Aeropuerto LOS CRISTIANOS Tenerife Sur COSTA DEL SILENCIO Punta de la Rasca LAS GALLETAS Why Tenerife? Climate, film all year round • 23ºC average annual temperature • Film outdoors 365 days a year • Unbeatable light conditions and 3,000 hours of sunshine Why Tenerife? Diverse Landscapes Unexpected Astonishing 2,034 km2 48% Nature Reserve On the road ¿PorWhy quéTenerife? Tenerife? Diverse Landscapes Colonial On the coast Natural Why Tenerife? Excellent Hotels Tenerife hosts the largest hotel chains Category Turists 1% Hotels * 56,414 151,213 beds 3% Hotels ** 168,832 5,802,000 accommodated turists 12% Hotels *** 675,601 39% Hotels **** 2,277,358 11% Hotels ***** 674,324 34% Apartments 1,949,425 Why Tenerife? Getting here • Two international airports with over 16 million passengers a year • Connected with 160 airports in 32 countries • Over 60 airlines operate on the island • Between 2 and 4 hour flight to mainland Spain and Europe • 15 daily flights to Madrid, 5 to Barcelona, 6 to Manchester or London • Two major ports, plus over 15 marinas Why Tenerife? Crew support, Experienced professionals • Film companies and production services • Film equipment rental: lighting, grips… • Specialized services: security, catering, legal advisors • Actors and International extras • Television studios • Film Commission since 2000 • VFX and post-production • Soundtracks and composers • Specific festivals and markets • Audiovisual cluster Why Tenerife? Animation Industry Tenerife Isla Cartoon • 2D and 3D Studios • Training • Specific events • SAVE Association Why Tenerife? ICT Infrastructures* • High speed submarine cable. Fibre Optic Examples of use 8 Tbps Rendering services Internal rendering for companies • Data Center Nodes Processing Time Hosting on demand 20 1656 days (4,5 years) 50 662 days (1,8 years) • Teide HPC Supercomputer 100 331 days (11 months) 200 166 days (6 months) Render with support services and Rendering through the HPC is much faster and there is no licences included (Arnold Render) need to invest in systems or suffer deployment delays. *All this infrastructure is green, 100% renewable energy Render HPC 100% Nodos Processing Time Example: 1100 30,1 days Sendingafilewiththeday’sshootingtoapostproduction companyontheothersideoftheworld. Network–10GbDirectorinLondon=2minutes* *Depending on the downloading capacity at destination. Why Tenerife? Green productions, shoot everything in green • Green best practice guide: 10 ways of making audio-visual productions sustainable and contributing to our planet • Sustainable certification project: tenerifefilm.com/greenshooting Incen ves Excellent tax benefits, The best in Europe 50-45% tax credit per investment in Spanish 50-45% tax rebate for * * foreign * * ZEC REF Canaries Special Canary Islands Zone Economic and Fiscal Regime* 45% tax rebate for R&D ** * Law 8/2018, 5th November & RDL 15/2014, 19th December, ammending the Canary Islands Economic and Fiscal Regime *** ** Law 27/2014, 27th November, Corporate Income IGIC -VAT 0-7% *** Order, 23rd May 2017 about IGIC for audiovisual produc ons Incen ves 50-45% tax credit per investment in Spanish productions and coproductions • Investments in production of feature films, TV series, animation, documentaries and short films • 50% allowance for the first million € of the budget and 45% tax rate deduction for the rest of the production budget • Maximum deduction will be 12.4 million € • 54% in some types of productions if the intensity level allows it (women, short films, co-productions, animation up to 2.5 million € budget,etc.) • Producer and investor must reside in the Canary Islands • Canarian Certificate of Audiovisual Production, Spanish Nationality and cultural test are required • The Spanish film incentive 30-25% deduction with a limit of 10 millions € is improved in the Canary Islands thanks to the Canary Island Economic and Tax System Incentives Canarian Certificate of Audiovisual Production* • Spanish nationality (Spanish Film Act) • Film a minimum of two weeks (11-18 days depending on budget) in the Canaries, interiors or exteriors, except for: - Feature films: 9 days if at least 15% of the postproduction budget is spent in the Canaries - Animation: 15% of production time in the Canaries for works with a budget above five million euros and 20% for works whose budget is below that figure. - Documentaries: no minimum time - TV Series: 20% of the season is shot in the Canaries or 15% if at least 15% of the postproduction budget is spent in the Canaries * DECREE 88/2019, of 22 May, that modifies Decree 18/2009, of 10 February, which creates the Canary Islands Registry of Audiovisual Companies and Works and governs the procedure to obtain the Canarian Audiovisual Work Certificate. ORDER of 5 December 2016, amending the Order of 22 May 2015, on the criteria to qualify for the Canarian Audiovisual Work Certificate DECREE 18/2009, of 10 February, that creates the Canary Islands Registry of Audiovisual Companies and Works and governs the procedure to obtain the Canarian Audiovisual Work Certificate regarding feature films and short films and fiction series, animation or documentaries produced in the Canary Islands. Incentives Canarian Certificate of Audiovisual Production* • Hiring a minimum of local professionals for: - Feature films and TV series: a creative person (author, actor, creative technician) and nine technicians distributed in at minimum of five departments. - Documentaries: two people in the capacities of director, scriptwriter, composer, director photography or executive producer. - Animation: a head of team or failing that, animation lead, senior - Animator • If co-production, the Canary producer must contribute over 20% of the production’s cost • If financial co-production, the Canary co-producer must contribute between 10% and 25% of the production’s cost • The production company based in the Canary Islands has to apply for the certificate and must be listed in the Canaries Audiovisual Companies Registry Incen ves 50-45% tax rebate for foreign productions • Producers providing services to foreign films • 50% tax rebate on eligible expenditure in the Canaries on the first million euros and 45% from then on • Minimum expenditure: 1 million Euros or 200,000€ for animation projects • 54% on the first million euros when expenses in the Canaries exceed 1,900,000€ • Qualifying expenditure in the Canary Islands directly related to the production: - Creative crew with residence in the EEC 100,000€ / person - Expenditure on technical industries and other suppliers • Maximum deduction will be 12.4 million € • Local production or service production company must be tax resident in the Canary Islands • The total cost of production will be at least 2,000,000€ • Cultural Certificate, acknowledgement in credit titles and assignment of promotional material are required • The Spanish film incentive 30-25% deduction with a limit of 10 million € is improved in the Canary Islands thanks to the Canary Island Economic and Tax System Incentives Canaries Special Zone (ZEC). Corporate tax only 4% - Instead of 25-30% in Europe Corporate taxes in the different European - ZEC companies can use 50-45% tax rebate countries Conditions: France 34,4% Belgium 34% • Create a new company Italy 31,4% • Minimum investment of 100,000 € in fixed assets within Spain 30% two years of the company’s ZEC registration Germany 30% • Creation of 5 jobs within the first six months of activity Luxembourg 29% and keep this average UK 28% • At least one of the directors must reside Portugal 27% in the Canary Islands Switzerland 26% • The activity has to be authorized Ireland 12,5% for the ZEC zone, which includes the audiovisual industry Tenerife 4% Professional Directory Audiovisual Equipment Rental AIRMEDIA 360 00 34 682 142 626 [email protected] airmedia360.com ALUZINE 00 34 607 563 250 [email protected] aluzine.tv AQUAFILM UNDERWATER CAMERA TECHNIQUES 00 34 681 124 205 [email protected] aquafilm.es CAMERA RENTAL CANARIAS 00 34 649 674 433 [email protected]