• About Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ
  • Contact Us
Login | My Posts
Accountants in Cyprus
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
Accountants in Cyprus
No Result
View All Result
Home Publications News & Announcements

OLIVEWOOD

December 9, 2018
in News & Announcements
Reading Time: 2 mins read

By: P. Constantinou & Co. Ltd

Cyprus was officially launched since 10 October 2018 as a film location to promote itself internationally to investors, dubbing the incentive plan “Olivewood”.

The first film summit coordinated by Invest Cyprus, the Cyprus Tourism Organization, and the Cyprus Government’s Press and Information Office welcomed the participation of over 120 delegates including producers and directors from Hollywood, Pinewood, and Bollywood.

Cyprus’ Minister of Finance, Mr. Harris Georgiades described Cyprus as “a natural studio” in itself in addition to the financial advantages and incentives that are being offered to investors.

Additionally, the Minister stated in press that said efforts are ongoing at all levels and sectors and that both the public and private sectors had been mobilized for this aim. He explained that the audiovisual industry can be a new opportunity for Cyprus.

Cyprus Government had designed a targeted incentive scheme with sponsorships but also tax exemptions to attract foreign investments.  The new scheme aims to a dynamic entrance to the audiovisual market which will establish our island as a top filming destination, opening up to a new world of opportunities.

The advantages of Cyprus’ climate, sea, sandy beaches, forests and mountains all within short reach of each other, plus the picturesque villages and modern cities are considered to be ideal for film producers.

The scheme is created in accordance with Regulation 651/2014 of the European Commission on declaring certain categories of aid, consisting of combination of grants and tax incentives as follows:

  • Cash rebate
  • Tax credit
  • Tax Allowance for investment in infrastructure and equipment
  • Return of VAT on expenditure

Proposed forms of Audiovisual Films compliant within the framework of the Scheme include:

  • Feature Films-Long Films
  • Television film or Television series or mini-series

For more information please visit official website created for this purpose from Government of the Republic of Cyprus:  http://filmincyprus.org.cy/incentives/

ShareTweetShare

Newsletter

Latest News

The European Union proposes a new regulation named Digital Operational Resilience Act, "DORA". The new Regulation aims to enhance the financial sector's operational resilience in the challenging digital age.
Articles

EU – Digital Operational Resilience Act (DORA)

June 1, 2023

By: RSM Cyprus The European Union proposes a new regulation named Digital Operational Resilience Act, "DORA". The new Regulation aims...

Read more
2023 Cyprus company annual Levy Tax deadline

2023 Cyprus company annual Levy Tax deadline due end of June

May 23, 2023
Relocate to Cyprus

Advantages of Moving Your Family and Business to Cyprus

May 18, 2023

Accountants in Cyprus is an accounting portal that consists of information in the field of finance and a network of Cyprus accounting firms and other financial service providers .

USEFUL LINKS

  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos
  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos

USEFUL LINKS

  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms
  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms

AFFILIATED SITES

logo-lawyers-in-cyprus
lawyers-malta
2022 © Accountants in Cyprus. All Rights Reserved. Developed by Wizzweb
  • About
  • Cyprus Accounting Services
  • Auditors in Cyprus
  • Cyprus VAT
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Accountants Cyprus
    • Cyprus Economy
  • Find Accountants
  • Contact Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ

© 2023 Accountant in Cyprus

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.