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

TaxCreditMap.jpg



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