This month the Chile Film Commission announced a 30% cash rebate incentive to attract more international productions. In order to qualify, foreign producers of feature films, TV series or digital platform series must partner with a local producer and spend a minimum of $2 million in the country. The incentive will not exceed 30% of qualified expenses, with a cap of $3 million.
In June 2016, the Latin American Training Center-LATC was requested by Chile to initiate studies on the format, structure and details a new incentive. Together with Pougy Tupinambá Advogados (Brasil), LATC, undertook a survey of existing international production incentives throughout the world and provided technical information and data for the final incentive.
The new incentive is expected to bring about a number of significant benefits to Chile in terms of attracting production and local expenditures, increased tourism and professionalization of the local industry workforce. For more information, see http://variety.com/2017/film/festivals/chile-cash-rebate-intl-film-tv-digital-location-shoots-1202570192/.
