Incentives

As a leading destination for filmmakers, Puerto Rico offers financial tax credit incentives to help projects maximize their budgets. These incentives are designed to create film industry jobs, promote tourism, enhance the island's global image, and positively impact the local economy.

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Jurutungo Films facilitates full access to these incentives in Puerto Rico.

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Eligible and Qualifying Production Projects:

• Feature-length films

• Short films

• Documentaries

• Television programs

• Episodic series and mini-series

• Music videos

• National and international commercials

• Video games

• Recorded live performances

• Original soundtrack recordings and dubbing

 

Basic Incentive Information:

• Production Spend: 40% tax credit on all qualifying payments made to Puerto Rico residents (Above the Line and Below the Line).

• Non-Resident Spend: 15% tax credit on payments made to non-resident talent (Above the Line).

• Minimum Spend: $50,000 minimum project spend to qualify.

• Funding Cap: $38,000,000 annual cap.

• Requirements: A local CPA audit and an official screen credit are required.

 

Production Benefits:

• An extensive range of diverse filming locations.

• Experienced, professional local crews.

 

Eligibility Rules:

• Principal photography must take place in Puerto Rico.

• Funding structures allow for a $700,000 cap on qualifying expenses paid to Puerto Rican crews shooting abroad.