TAX CREDIT
Cyprus Film Scheme Tax Credit
Cyprus Film Commission
Last verified 5 Apr 2026 · 14 days ago
10–45%
Cap per project
€5M
Max public funding
50%
Payment timing
12 months
Reliability
Fair
Bankability
Selective
Funding tracks
High Activity Level (70-100%)
70% or more of shooting days and expenditure in Cyprus
€5.0 million maximum
Medium Activity Level (35-69%)
35-69% of shooting days and expenditure in Cyprus
€3.5 million maximum
Lower Activity Level (20-34%)
20-34% of shooting days and expenditure in Cyprus
€1.5 million maximum
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
feature filmtv seriesanimation
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
● Co-production eligible● Service work eligible● Cultural test required● VFX eligible
Upcoming deadlines
30 Jun 2027Final application deadline
Source: Cyprus Film Commission · verified 5 Apr 2026