Cash Rebate 40%
Learn about the incentives: the Cash Rebate
The implementation of Law 4487/2017 was a decisive step towards attracting investment through the production of films, television series, documentaries, animation, and digital games in Greece.
Since September 2018 (Law 4563/2018) until recently, the rebate amounted to 35% on the eligible expenses incurred in Greece. The updated legislation (Law 4704/2020) raises the cash rebate to 40%, provides a more flexible floor for TV series (€15,000-€30,000 per episode), a new minimum for digital games (€30,000), and includes short films with a minimum of €30,000, while projects are financed without a cap (the higher the investment capital, the higher the cash rebate). Furthermore, the Greek cash rebate can now serve as collateral for producers to obtain funds through the Greek banking system.
Financing of the rebate is guaranteed through the Greek Public Investment Programme and amounts to €75 million available for the years 2018 to 2022. From April 2018 to June 2020, 88 applications have been included in the cash rebate programme (44 domestic and 44 international productions). The total of invested capital in the country amounts to €80 million while the total cash rebate subsidy amounts to € 26.6 million.
- Getting started
Αpplications may be submitted for international and domestic productions and/or co-productions that choose Greece as the location for main photography, production, and/or post-production.
- A smooth and timely procedure
Applications are submitted to EKOME all year long, no later than 10 days before the beginning of production and/or post-production, via an electronic system guaranteeing smooth, fast, and transparent processing.
- And... it's a wrap!
The subsidy is payable no later than six months after the completion of production or/and post-production, provided all prerequisites of the legislation are met.
Astonishing locations to shoot
BREATHTAKING ROCK FORMATION
in Santorini island
EVERYTHING IN ORDER
COASTAL TOWN VIEW
Legislation in effect
In July 2020, the Greek Parliament passed a law (No. 4704/2020) raising the Greek cash rebate that covers part of the eligible costs for national and international audiovisual productions in Greece, up to 40%
The incentive, which covers specific categories of eligible costs that will be incurred in Greece and can cover up to 80% of production expenses, sets a minimum of €100,000 for eligible expenses in the case of feature films, a minimum of €60,000 for eligible expenses in the case of documentary films, a minimum of €60,000 in the case of short films, a minimum of €30,000 in the case of digital games and implements a flexible floor between €15,000- €20,000 per episode, in the case of television series. A total of €75 million guarantees the funding of the incentive for the period 2018-2022 with a provision of renewal.