With the celebration of Conecta Fiction 3 in June, Navarre is taking another step forward in strengthening its audiovisual industry, which is also supported by tax incentives.
Pamplona will be hosting the third edition of Conecta Fiction from 17 to 20 June. This Europe-America forum dedicated to the co-production and networking of television series comes to the capital of Navarre following two previous editions held in Santiago de Compostela.
The region, which has its own taxation system, offers a 35% tax incentive for investments in film productions and television series with at least 40% of the tax base for deduction of expenses paid in its territory. For international projects, Navarre also offers a 35% tax deduction, available for productions that film for at least one week in the region.
Recently, Navarre has hosted the filming of Spanish titles, including the "The Invisible Guardian" trilogy, a film production by Atresmedia Cine, Nostromo Pictures and Nadcon, as well as international projects such as the HBO series "Game of Thrones" and the films "Les Fréres Sisters" and "The Promise" .
Navarre allows tax deductions of 40% for investment in R&D, and 15% for technological innovation activities - measures that have favoured the arrival of animation companies such as Apolo Films, which is producing the film "Dogtanian and the Three Muskehounds", and New Gravity Laws, involved in the transmedia project " Dino Games " .
Incentives for international shoots throughout Spain
Spain has a long tradition of international shoots, although tax incentives for this type of production were not implemented until 2015.
The shooting of "Game of Thrones", between 2014 and 2018, with Fresco Film as the production services company, involved several regions, boosting the country's global visibility as a set for international productions.
"Tax incentives contribute enormously to more frequent filming of series and films in Spain, but there is an even more relevant factor: the quality of the country’s services and infrastructure, which is attracting investors and international producers," explains Geraldine Gonard, director of Connect Fiction.
Nationally, Spain allows a deduction of 20% on production costs in the filming of TV series and international films with a minimum expenditure of one million euros.
In the three provinces of the Basque Country, Biscay, Álava and Guipúzcoa, the tax deduction is as much as 30%, which has benefited productions like "Patria", the first original HBO series in Spain produced by Alea Media, part of the group of producers linked to Mediaset España, and "El silencio de la ciudad blanca", a film produced by Atresmedia Cine and Rodar y Rodar .
Canary Islands, 40% deduction
The Canary Islands have quickly positioned themselves as one of the leading territories for both domestic and international filming.
With a special island taxation regime, the Canary Islands offer a 40%-45% deduction for investment in Spanish productions or co-productions with a minimum expenditure of 200,000 euros and a cap of 5.4 million euros for companies based in the Islands.
This tax benefit is also compatible with a 4% Corporate Tax discount for all companies established there.
Major international titles filmed on the Islands last year include films like "Wonder Woman 1984", by Warner Bros., and "Rambo V: Last Blood ", by Lionsgate.
Six television series were filmed on the Islands, including "Hierro", an international co-production by Portocabo and Movistar + filmed on the island of El Hierro, and "La sala", a production in Gran Canaria by Isla Audiovisual, which has been acquired by HBO Spain.
The 45% deduction for technological innovation activities has enabled the Canarian audio-visual industrial fabric to grow, with the arrival of animation studios like Ánima Kitchent ("Cleo & Cuquín" ) and special effects studios like El Ranchito, an Emmy Award winner for its work on "Game of Thrones".