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The Canary Islands’ exceptional scenery, excellent services, infrastructure and attractive tax breaks seduce Hollywood

The Canary Islands’ exceptional scenery, excellent services, infrastructure and attractive tax breaks seduce Hollywood

 

Hollywood has chosen to film major productions in the Canary Islands over the last few years. Blockbusters like “Exodus” (Ridley Scott), “Wild Oats” (Andy Tennant), the fifth installment of the “Bourne” series, and most recently, “In the Heart of the Sea” (Ron Howard), have been shot on the islands.

 

Howard, the author of "In the Heart of the Sea," traveled to La Gomera to film the project for nearly five weeks. "We've discovered a place where the authorities are very collaborative, where there are some very compelling elements and where people are very helpful. In the world there are eight or nine places to shoot like this, but not with this wonderful coast. That, in a marine film, is vital. Hollywood has in the Canaries a great all-round location to film.”

 

Brand Pitt was recently filming his latest blockbuster 'Allied' directed by Robert Zemeckis, a romantic thriller in which Pitt stars alongside academy award-winning French actress, Marion Cotillard.

 

The islands unique natural conditions are ideal for filming thanks to phenomenally wide variety of landscapes and around 3,000 hours of sunlight a year. This, along with excellent communications, high quality services and infrastructure, qualified staff and legal security, make them very attractive to producers and directors worldwide. The Canary Islands also offer a wide range of attractive tax breaks for the film industry, making it a very desirable destination.

 

The new 35% tax rebate for international productions passed in the Canary Islands Economic and Tax Regime is a great deal more competitive compared to the usual 18% found in other European regions. Likewise, the Canary Islands Investment Reserve (RIC) allows film companies to take advantage of the Canary Islands Special Zone (ZEC) reduced taxation program.

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