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Slovakia increases cash rebate for movie productions

Bratislava, Slovakia – Slovakia stepped up its game and significantly increased the cash rebate it offers to TV and movie productions filmed in the country.

As of January 1, 2020, the cash rebate offered by the Slovak government for both television and cinema productions will increase from 20% to 33%, according to the amendment to the audiovisual law approved by Parliament.

The information was confirmed by the Slovakia Film Commission, set up last year to entice international productions.

“I am convinced that every euro that we manage to steer in the right direction will return back to Slovakia’s economy manifold in the future”, said Culture Minister Lubica Lassakova. “At the same time, I see a great opportunity to increase Slovakia’s reputation within the film industry”.

Talking to Cineuropa, director of the Slovak Audiovisual Fund Martin Šmatlák was also optimistic about the new financial incentive. “We expect it to help extend and improve the quality of Slovakia’s audiovisual infrastructure [and] increase foreign film crews’ interest in shooting in Slovakia, which can boost the competitiveness of Slovakia as a film country on the international stage as well as strengthen the position of Slovak production companies in terms of international co-productions”.

To qualify for the cash rebate, minimum expenses are set at €300,000 for TV-features, series or slates of films, or €150,000 for a feature, documentary or animated film spent in Slovakia over a period of three years following the project’s official registration. There are no specific requirements regarding theatrical or non-theatrical distributions in Slovakia.

The competition to attract international TV and film productions is strong in Central Europe. This new measure will enable Slovakia to compete with countries like Hungary, Poland, Lithuania, Estonia (which offer a 30% incentive) and Romania (with a cash-rebate between 35% and 45%).

Even before this new enticement, a number of high-profile productions have been shot in Slovakia in recent months: the Red Sparrow spy-thriller, starring Jennifer Lawrence and Joel Edgerton in the lead roles, as well as Netflix’s second season of Marco Polo and Amazon’s Hanna.

If you’re curious about knowing which ones of your favourite movies used Slovakia as a background, check out our selection of the top 10 best movies shot in Slovakia.

1 comment on “Slovakia increases cash rebate for movie productions

  1. I would come there on a dime to be on set as an Acror, I would love the opportunity to world travel for Film.

    Like

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