BECAUSE OF MANY REASONS !

LET US WALK YOU TROUGH SOME OF THEM!

• FIRST OF ALL:

Keep in mind that here you’ll have the support of a local production company that will be by your side for whatever you need. In Colombia, you’ll also be amazed by the diversity of ecosystems and climate zones, which will only expand your narrative possibilities. On top of that, you’ll have access to technical support from both government and private institutions throughout every phase of your project.

You’ll fall in love with the warmth and hospitality of the people wherever you go, and with the fresh, delicious, and healthy food. We can assure you that saying yes to Colombia means opening the door to an adventure that will only bring you rewards.

Take a look at how centrally located Colombia is in the hemisphere!

• SECOND:

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CURRENCY EXCHANGE

WELL DONE !

If you’re checking this page, it’s because, as producer, you’re looking for ways to optimize your resources and create the best version of your project within your budget.

You’re on the right track. Remember that simply converting US dollars to Colombian pesos can multiply your budget by 2 to 4 times (depending on your type of project), without sacrificing talent and while maintaining the advantage of paying fair rates to your vendors.

• THIRD:

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CURRENCY EXCHANGE

It’s okay if you weren’t aware of the variety of ecosystems and locations you can find in Colombia, where you can feel safeand at peace. We are all still working to improve our country’s image abroad, and it seems we’re succeeding because the numbers don’t lie: the number of productions choosing to film in our diverse country grows exponentially each year. Clients and talent are often very positively surprised. The key, as always, is good planning, and you can count on us for that.

Keep in mind that with Colombia’s variety of ecosystems and thermal floors, you can easily simulate many other countries, both tropical and non-tropical, such as those with perpetual snow or deserts.

Additionally, let’s not forget the speed at which technology is advancing and how much can now be achieved using LED screen virtual backgrounds (contact us, and we’ll show you the best options in Colombia for this).

In Colombia, producers can access an additional incentive to invite potential clients to visit locations they are interested in, helping them feel confident in choosing the location. Keep this in mind and don’t forget to ask us about it!

• FOURTH:

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TAX INCENTIVES $

1.

CONSERVATIVE SCENARIO WITH CINA
Approved budget for spending in Colombia = 100

    CLIENT $100 ➔ COLOMBIA
    CLIENT 35% 🢀 COLOMBIA

    2.

    OPTIMISTIC SCENARIO WITH PRE-PURCHASE MODEL
    Approved for spending in Colombia = 100

      CLIENT $70 ➔ COLOMBIA
      CLIENT 30% ➔ COLOMBIA

      3.

      OPTIMISTIC SCENARIO CINA +BOGOTA INCENTIVES
      Approved for spending in Colombia = 100

        CLIENT $100 ➔ COLOMBIA
        CLIENT 35% 🡸 COLOMBIA
        CLIENT 15% 🡸 BOGOTA
        Comprehensive Incentives Support: International productions can choose between two incentives in Colombia: the CINA (tax certificates) and the FFC (cash rebate). These are available for feature films, documentaries, series, animations, and music videos. CINA also includes video games and advertising with additional criteria.
         
        At Perrenque Media Lab, we’re pre-registered with the Ministry of Culture to help you select the best incentive for your project and assist with all necessary documentation for a successful application.
         
        Our experienced team provides support in planning, budgeting, and application submission, up to the final payment or transfer of certificates.
        We collaborate closely with Pro-imágenes and the Colombian Film Commission to ensure a smooth process. We are proud to be among the first to secure the new CINA incentive, showcasing our dedication to excellence and client satisfaction.

        DID YOU DO THE MATH YET?

        EXACTLY !… YOU CAN SAVE A LOT OF MONEY BY CHOOSING COLOMBIA FOR YOUR NEXT PROJECT !

        CINA
        & FFC
        INCENTIVES

        • CINA

        (Audiovisual Investment in Colombia Certificates):
        Offers a 35% tax credit on qualifying foreign investments in Colombia, with a net value of 33.25% after a 5% fee to the Colombian Film Commission. The annual fund is $53M USD with no cap per project. Certficates are issued withoin 15 days after approval.

          • FFC

          (Colombian Film Fund):
          Provides a 40% cash rebate on audiovisual services and a 20% rebate on logistical services, averaging a net 30-32% on approved local spend,. The annual fund is $2M USD, capped at $550K USD per project.
          Payments are made within 2 months of approval.

          GENERAL
          REQUIREMENTS
          FOR CINA & FFC:

          • Minimum spend: $475,000 USD per project  or $118,750 USD per episode (minimum 4 episodes)
          • A refundable $30,000 USD bid bond is required.
          • Applications must be in the foreign Producer’s name and approved by the CPFC.
          • Contracts must outline conditions and reimbursement amounts.
          • All spending must go through Colombian entities or individuals.
          • Services must be hired via a Colombian company registered with the Ministry of Culture.
          • A fiducuary account and local auditing are required for expenditure management.

           

          For more detail, please contact us.