Promotes foreign investment in the cinematographic industry
19 Oct 2019
On 19 October 2019, an amendment to the Law on State Support of Cinematography entered into force. It widens the scope of the cash rebate system for foreign filmmakers, under which they may seek a reimbursement of a percentage of the production costs incurred on the Ukrainian territory. This percentage was increased from 16,6% to 25%. Additionally, foreign producers may be entitled to additional 5% cash rebate, if their film satisfies a cultural test aimed at promoting the Ukrainian culture, history, mythology, religion, architecture or environment.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Services (Arts, entertainment and recreation)
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Sources:
