Israel film economy sports Cooper Israel

Israel Reveals 30% Filming Incentive for International Productions

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variety.com

Naman Ramachandran Israel’s ministries of culture and sports, economy and industry, foreign affairs, finance and tourism have revealed incentives to encourage foreign productions in the country.Over the next two years, the inter-ministry collaboration will grant reimbursement for production expenses of up to 30% to foreign productions of films and TV series shooting in Israel, for an amount up to ILS16.6 million ($4.9 million).

The financial aid will be given by the ministries to strengthen Israeli production companies operating in cooperation with foreign production companies in Israel.

The aid will be granted through a special grant track of the investments and development authority for industry and the economy at the ministry of economy and industry.

The aid will also include animated film productions, in which up to 10% of the allocated budget will be reimbursed, and a further 10% of the post-production budget.

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