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-€25,000 per episode), a new minimum for digital games (€30,000), and includes documentaries (€60,000), short films with a minimum of €60,000. The maximum amount of cash rebate an investment plan can receive is €12 million. Furthermore, the Greek cash rebate can now serve as collateral for producers to obtain funds through the Greek banking system.
There is no sunset date. Financing of the rebate is guaranteed through the Greek Public Investment Programme and amounts to €50 million annually. From April 2018 to January 2023, 323 applications have been included in the cash rebate programme (179 domestic and 143 international productions), whereas the total of invested capital in the country amounts to €619 million.
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Legislation in effect
In August 2017, the Hellenic Parliament passed a law (4487/2017), implementing the 25% cash rebate programme for the production of domestic and international audiovisual works. Since September 2018 (4565/2018) the cash rebate was raised to 35% and July 2020, the Hellenic Parliament passed a law (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% with flexible terms for TV series and digital games and may serve as collateral for producers to obtain funds through the Greek banking system.