Incentive programme targeting the foreign film industry
21 Mar 2024
Chile has reintroduced the IFI Audiovisual program to incentivize international audiovisual productions. This program offers reimbursements of up to 30% for qualified expenses incurred within Chile, capped at $3 million. For productions entirely outside the Metropolitan region, the reimbursement increases to 40%.
The initiative, announced by the Ministry of Economy, Development and Tourism in collaboration with the Development Agency of Chile -Corfo- and the Ministry of Culture, Arts and Heritage, aims to attract high-impact foreign productions. It is designed to boost investment in Chile's film industry, enhance the country's international image, and create professional and job opportunities in the sector and related industries.
Eligible applicants are foreign legal entities producing audiovisual works wholly or partially in Chile, either directly or in partnership with a national production company, with foreign companies needing to contribute the majority of the investment.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Services (Publishing, audiovisual and broadcasting activities)
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Sources:
