Boasting one of the most competitive and longest running tax incentive programs in the world, a privileged location, geography and history, a stable U.S.-based political, financial and legal system and some of the most modern infrastructure in Latin America and the Caribbean, Puerto Rico is ready for your next film project.
Centrally located in the heart of the Caribbean, Puerto Rico enjoys an ideal climate with year-round warm weather and sunshine. With roughly 3,500 square miles of terrain, including various outlying islands, and over five hundred years of history at the crossroads of European and American cultures.
Puerto Rico has a diverse range of geographic resources and locations within a few hours’ drive of each other, including 350 miles of coastline, plains, mountains, jungles, dry forests, rivers, lakes and waterfalls, and colonial, urban and modern architecture.
Film Tax Incentives /State
40% - PR
35% - DC/OK
30% - KY/IL/WA/NY
25% - RI/PA/AL/MA/NM/NC/SC/TN
20% - CA/CO/AR/UT/OR/MN/HI/GA
Location Production Needs
Beach
Ocean
City
Forests
Lakes Rivers
Mountains
Rural
Suburban
Tropical
Eligible Production Types
Commercials
Documentaries
Feature Films
Game Shows
Pilots
Post Only
Reality Television
Scripted Television
Talk Shows
Video Games
PUERTO RICO FILM TAX INCENTIVES OVERVIEW
20%-40% Transferable Tax Credit
Incentive
LABOR
40%
40%
20%
20%
Resident ATL
Resident BTL
Non Res ATL
Non Res BTL
QUALIFIED SPEND
40%
Qualified expenditures include preproduction, production, and postproduction costs incurred in Puerto Rico.
Spend
MINIMUM/CAPS
$100,000
None
None
$38M
Minimum Spend
Project Cap
Comp. Cap
Annual Cap
ADDITIONAL REQUIREMENTS
Yes
Yes
Yes
Non-residents become residents after 183 days living in Puerto Rico and qualify for the 40% tax credit.
Screen Credit
CPA Audit
Loan-Out Reg.
Addl. Info