Cyprus Film Scheme Tax Credit
Key questions
How much does Cyprus Film Scheme Tax Credit pay?
Cyprus Film Scheme Tax Credit pays 10–45% of eligible local spend in Cyprus, capped at €5M per project. Public funding is limited to 50% of the budget. Lenders cash-flow it selectively.
Who is eligible for Cyprus Film Scheme Tax Credit?
Cyprus Film Scheme Tax Credit is open to feature films, TV series and animation. Eligible structures include official co-productions and service productions shooting in the territory. Projects must pass a cultural test. Must pass cultural test; tax credit limited to 50% of taxable income per year; unused credits can be carried forward for up to 5 years.
When is the next Cyprus Film Scheme Tax Credit deadline?
Cyprus Film Scheme Tax Credit accepts applications on a rolling basis, so there is no fixed deadline.
How do you apply for Cyprus Film Scheme Tax Credit?
Applications for Cyprus Film Scheme Tax Credit go to Cyprus Film Commission through its online application portal. Payment usually follows about 12 months after completion. PULPSCREEN last verified these details on 5 Apr 2026.
Funding tracks
Territorial spend requirement
Minimum 20% of shooting days and expenditure must be in Cyprus
Overview
Cyprus offers a tax credit as an alternative to cash rebate, providing a reduction of corporate tax liability for qualifying film and television productions shot in Cyprus.
Eligible formats
Eligibility
Must pass cultural test; tax credit limited to 50% of taxable income per year; unused credits can be carried forward for up to 5 years