PIC Portugal Cash Refund Incentive (Big-Budget)
Key questions
How much does PIC Portugal Cash Refund Incentive (Big-Budget) pay?
PIC Portugal Cash Refund Incentive (Big-Budget) pays 30–40% of eligible local spend in Portugal, capped at €20M per project. Minimum qualifying spend is €2.5M. Lenders cash-flow it selectively.
Who is eligible for PIC Portugal Cash Refund Incentive (Big-Budget)?
PIC Portugal Cash Refund Incentive (Big-Budget) is open to animation. Eligible structures include official co-productions and service productions shooting in the territory. Projects must pass a cultural test. Minimum €2.5 million eligible expenditure in Portugal required.
When is the next PIC Portugal Cash Refund Incentive (Big-Budget) deadline?
PIC Portugal Cash Refund Incentive (Big-Budget) runs 2 application sessions a year; the next date has not been published yet.
How do you apply for PIC Portugal Cash Refund Incentive (Big-Budget)?
Applications for PIC Portugal Cash Refund Incentive (Big-Budget) go to ICA (Instituto do Cinema e do Audiovisual) through its online application portal. Payment usually follows about 8 months after completion. PULPSCREEN last verified these details on 5 Apr 2026.
Rate conditions
Funding tracks
Territorial spend requirement
Production expenditure relating to production activities carried out in Portugal but contracted with service providers established in other EU or EEA states, up to a limit of 20% of the eligible expenditure in Portugal, is also considered eligible
Overview
At the end of 2023, the State Budget Law for 2024 established a new incentive scheme for production: the Pic Portugal - Cash Refund Incentive.
Eligible formats
Eligibility
Minimum €2.5 million eligible expenditure in Portugal required. Applicants must be companies subject to corporate income tax (IRC) with film/audiovisual production corporate purpose and be registered in the Register of Cinematographic and Audiovisual Entities. Cultural test score required.