The Greek Film Production Incentives have allocated a minimum annual budget of €55 million for cash rebate grants, supporting over €175 million in productions annually.
SANDMAN 2 (Series / Production Services)
The second season of The Sandman is coming in 2025 to serve up more stories of Morpheus and his phantasmagorical journeys to Hell and back again. We are proud to have provided production services in Greece for the project which is produced by WARNER.DISCOVERY & NETFLIX.
40% cash rebate for scripted content
The Greek Film Production Incentives have attracted already 300 projects, accumulating over 600 million Euros total production budgets.
In May 2024, in order to strength the production of audio-visual works in Greece a new bill has been passed, which will significantly speed-up all procedures and approvals!
Under the new law, the 40% cash rebate remains available for all Greek qualifying expenses related to pre-production, shooting, post-production, animation, and CGI.
Noteworthy updates include:
> The Cash Rebate program is now confirmed to operate indefinitely under the new legislation.
> A minimum annual budget of €55 million is allocated for cash rebate grants, supporting over €175 million in productions annually.
> The rebate cap per project is set at €8 million, with the potential to increase to €10 million for projects that promote Greece.
> Eligible projects include feature films, scripted TV shows, creative documentaries, animation films, and video games. Advertising spots, reality shows, and sports programs are excluded.
> The minimum Greek spend requirement is €200,000 per project.
> For projects with local expenditures exceeding €8 million, the 40% cash rebate will also cover the fees of the international director and two leading actors.