In this article, we will explore in detail the incentives for audiovisual production in Colombia, focusing on Álamo Audiovisual, our production company based in the city of Medellín, where we offer support to access incentives.
The audiovisual industry in our country has experienced significant growth in recent years, largely driven by a series of government incentives, both national and local, that promote audiovisual production in Colombia.
We Create Fascinating Stories
At Álamo Audiovisual, we focus on the exploration and creation of exciting narratives through cinematic and advertising content.
Our focus on developing captivating stories has elevated quality standards to outstanding levels in the audiovisual field.
Located in Medellín, Colombia, we have stood out in the industry for the quality of all our projects. Some of our projects have been nominated and awarded at international festivals such as the Berlin Fashion Film Festival and the UK Film Fashion Festival. With our legal team, we take advantage of the various government incentives available in the country.
What are the Incentives for Audiovisual Production in Colombia?
Fondo Fílmico Colombia (FFC) Incentives
The FFC is a government incentive program that has played a crucial role in boosting audiovisual production in Colombia.
This program offers production companies the opportunity to receive a cash refund equivalent to 40% of expenses on audiovisual services and 20% of expenses on logistical services, such as hospitality, food, and transportation, contracted with Colombian individuals or legal entities.
These incentives are allocated annually in the national budget, allowing Álamo Audiovisual to obtain significant financial support for all our projects.
This economic support not only drives local production but also encourages collaboration with foreign professionals and companies, thus strengthening the audiovisual industry in Colombia.
Certificate of Audiovisual Investment in Colombia (CINA)
Another important incentive for audiovisual production in Colombia is the Certificate of Audiovisual Investment (CINA).
CINA certificates represent 35% of expenses for foreign audiovisual productions in audiovisual and logistical services contracted with Colombian individuals or legal entities.
These certificates are transferable to individuals who pay taxes in Colombia and function as a discount on income tax.
The maximum amount of CINA that can be granted is determined annually by the Colombia Film Promotion Committee (CPFC), allowing foreign production companies to significantly reduce their production costs and encourage investment in the country.
This not only benefits production companies but also contributes to the economic development of Colombia by attracting foreign investments.
Benefits of Audiovisual Production Incentives
The incentives offered by the Fondo Fílmico Colombia and the Certificates of Audiovisual Investment in Colombia provide a range of benefits to both local and foreign production companies choosing to carry out their productions in the country.
Some key benefits include:
Stimulation of Local Production
Incentives foster collaboration with Colombian professionals and companies, promoting the growth of the audiovisual industry in the country and creating employment opportunities.
Cost Reduction
For foreign production companies, CINA represents significant savings in production costs, making Colombia an attractive option for their audiovisual projects.
Development of Talent and Technology
The demand for high-quality audiovisual productions drives the development of local talent and investment in cutting-edge technology, thereby enhancing the quality of Colombian productions.
Attraction of Foreign Investments
Incentives attract foreign investments, benefiting the Colombian economy and promoting diversification in the audiovisual industry.
In Summary
Incentives for audiovisual production in Colombia, such as the Fondo Fílmico Colombia and the Certificates of Audiovisual Investment, play a fundamental role in the boom of the audiovisual industry in the country.
Our production company, Álamo Audiovisual, leverages these programs to raise the standard of quality in all productions and promotes local and international collaboration.
The combination of financial support, international-standard locations, a skilled crew, and tax benefits makes Colombia an attractive destination for audiovisual production, and the industry is expected to continue thriving in the coming years.
Are You Looking for Incentives for Audiovisual Production in Colombia?
Álamo Audiovisual is a clear example of how incentives for audiovisual production in Colombia have transformed the industry, elevating the quality and creativity of productions.
If you are involved in audiovisual production and are passionate about storytelling, consider taking advantage of these incentives to take your projects to unimaginable levels in Colombia.
On our website, you will find a wide range of services to help bring your audiovisual projects to life. We are passionate about providing production services in Colombia, leveraging the incentives of the Fondo Fílmico Colombia (FFC) to offer you solid financial support and encourage collaboration with local professionals and companies.
If you are working on a film project and Colombia is an optimal location for your shoot, Álamo Audiovisual has the experience and passion to turn your ideas into reality.
Don’t miss the opportunity to work with our production company, where we have made storytelling our specialty and leverage incentives for audiovisual production in Colombia to provide support and carry out your projects.
