With a long tradition of hosting international productions, Spain earned larger global visibility after “Game of Thrones” filmed there from 2014 to 2018.
Production services has become one of the healthiest audiovisual sectors in Spain, driven by a golden age of local and international TV drama, as well as greater legal stability of its incentives. Spain’s mainland offers 20% tax rebates for international productions, capped at €3 million ($3.4 million); in the Canary Islands, the rate is 40%, with a €5.4 million ($6.1 million) ceiling.
“Tax advantages are attracting all kind of international productions,” says Nostromo’s Adrián Guerra, president of producers’ association Profilm.
“There are so many productions going on all over Spain that it’s becoming difficult to crew up on new productions,” he adds.
Challenges remain. The tax system is predominantly luring low-to-mid-range foreign projects.