One of the greatest assets of the Puerto Rican film production industry is the islands generous system of tax credits. Qualifying productions can receive 40% of a film projects local spend back in the form of transferable tax credits, endorsed by the United States Government Department of State. Coupled with high-quality crews, logistics & equipment, and some of the worlds most breathtaking locations, these incentives have helped Puerto Rico become a powerhouse location for global film producers seeking to create worlds.
Providing the mechanics to film tax incentives is just one part of the process; our ethical foundations are structured around the belief and knowledge that the true motive for production in Puerto Rico is found beyond the bottom line. That is why since our inception we have held transparency as a core pillar for our business. It is of paramount importance that our clients know that their highly-valued budgets are being handled in a responsible manner, that T’s are crossed, I’s are dotted and, most importantly, that checks balance.
This might put us at a momentary disadvantage when working with a producer eager to recoup as high a percentage of a projects’ budget as possible, and we accept this trait, since the clients we do retain are safe in the knowledge that each incentivized dollar of the credits they are allocated is going to the place the at it is supposed to. We are first and foremost, artists of a craft, discoverers of new worlds, creators of stories. Our love of the moving picture format has supported our organizations’ growth into one of Puerto Rico’s most trusted video and film production service providers.
CereProds is open for business and ready to talk about your next video or film production.