colombia
Unlock Incentives
Law 1556 of 2012 of Colombia has become a fundamental pillar to attract national and international film productions to the country. This legislation offers tax incentives and cash rebates that can significantly reduce production costs. At TheGseven Colombia Producciones, we make the most of these benefits to offer our clients high-quality and profitable production solutions.
Law 1556 of 2012
- Description: The law allows foreign and domestic film productions to obtain significant tax credits. These credits can be applied to tax obligations in Colombia, considerably reducing the total cost of production.
- Application: Tax credits can be used to offset corporate taxes, thus reducing overall production tax burdens.
- Description: The law offers cash reimbursements of up to 40% of film service expenses and 20% of logistics expenses incurred in Colombia.
- Benefits: This direct financial incentive can be reinvested in production, allowing for greater quality and scope of the project without increasing the budget.
Tax Consulting
- Project Analysis: We evaluate each project to determine its eligibility and the potential for tax benefits and cash rebates.
- Savings Projection: We provide a detailed projection of potential tax savings, helping our clients plan their production budgets more efficiently.
- Compliance with Requirements: We assist in the preparation and presentation of all the necessary documentation to comply with the requirements of Law 1556.
- Process Monitoring: We are in charge of monitoring the administrative and fiscal processes to ensure that the benefits are applied correctly and on time.
- Custom Strategies: We develop personalized tax strategies that maximize tax credits and cash rebates for each project.
- Continuous Monitoring: We carry out continuous monitoring of production expenses to ensure that the available incentives are made the most of.
Benefit Optimization
- Strategy Development: We work with our clients from the pre-production phase to develop strategies that maximize tax benefits and cash rebates.
- Identification of Eligible Expenses: We identify and classify all expenses eligible for tax credits and cash refunds.
- Budget Control: We implement strict budget control to ensure funds are used efficiently and maximize tax benefits.
- Resource Optimization: We use local resources and optimize logistics to reduce costs and increase reimbursements.
- Continuous Analysis: We perform a continuous analysis of expenses and tax benefits throughout production.
- Proactive Adjustments: We make proactive adjustments to the strategy to ensure that tax benefits and cash rebates are maximized.
At TheGseven, we manage and produce content in three main languages: English, Spanish and Italian. This allows us to reach diverse audiences and maximize the impact of our productions in different markets. We ensure that each content is culturally adapted and maintains its relevance in different linguistic contexts.
At TheGseven, we pride ourselves on creating content that not only entertains, but also has a significant impact on culture and society. We believe in the power of stories to inspire, educate and connect people, and we are committed to continuing to produce content that leaves a lasting mark.
Additional Benefits of Filming in Colombia
In addition to tax incentives and cash rebates, filming in Colombia offers other significant benefits:
Lower Production Costs
- Production costs in Colombia, including labor, locations and services, are significantly lower than in many other countries, allowing producers to stretch their budgets without sacrificing quality.
Diversity of Locations
- Colombia offers a wide variety of natural and urban locations that can adapt to different production needs. From rainforests and paradisiacal beaches to modern cities and colonial towns, the options are endless.
Qualified Local Talent
- The country has a growing audiovisual industry and a pool of highly trained talent in all areas of film production, from actors and directors to technicians and designers.
Production Infrastructure
- Colombia has developed a robust infrastructure to support film production, including film studios, state-of-the-art equipment and world-class post-production services.