Business Development Manager (code: BD 0321)
19 March 2021
Strong tax incentives for investments in Greek startups. 50% deduction of the investment amount up to €300K
11 May 2021

Up to 50% investment incentives in audio visual productions in Greece

Up to 40% cash rebate for investments through the audio visual productions in Greece

There is a strong financial incentive for Greek and foreign investors to choose Greece for the production of their audiovisual works.

Significant cash rebates are given for investments in the production of films, television series, documentaries, animation and digital games in Greece.

“Cash rebate” & “Tax relief” are the two types of subsidies that can be used either independently as investment incentives tools or can act complementary and offer up to 50% in total for the production of audiovisual works such as movies, TV series, documentaries, cartoons and digital games.


1. Cash rebate program
40% subsidy on eligible costs through cash back for the production of audiovisual works in Greece such as movies, TV series, documentaries, cartoons and digital games.
It is a strong financial incentive for Greek and foreign investors to choose Greece for the production of their audiovisual works.

Minimum investment amounts per type of audiovisual production

  • Television & Film productions with a minimum cost of one hundred thousand (100,000) euros
  • Production of a documentary film, with a minimum cost of sixty thousand (60,000) Euros
  • Production of Short Film, with a minimum cost of sixty thousand (60,000) Euros
  • Episodes of TV series fiction, with a minimum cost of twenty-five (25,000) Euros per episode produced
  • Documentary or animated production episodes, with a minimum cost of twenty-five (20,000) Euros per episode produced
  • TV productions of at least 70 episodes, with a minimum cost of fifteen (15,000) Euros per produced episode
  • Production of digital games with a minimum cost of thirty (30,000) Euros

Payment of aid
The aid is carried out in a one payment no later than six months after the completion of production and / or post-production operations, provided that all the requirements of the legislation have been met.


2. Tax relief program
The implementation of the legal framework for tax relief that enables persons (natural or legal) who finance audiovisual works to have tax exemptions of 30% on the total cost of production.


Beneficiaries of of both types of aid

  • Companies that have been established or have a branch in the Greek territory
  • International producers of audiovisual works who have signed a contract with a company established or with a branch in Greece


Eligible costs:
Eligible costs are these costs that are incurred in Greece and do not exceed 80% of the total production cost of the audiovisual project (eligible costs production).

  • Expenses for rights, such as script, music investment
  • Expenses for any kind of provision of services directly related to the production of audiovisual project, such as accommodation and food, transportation, equipment rental, studio, editing-mixing and after production services
  • Wage costs of jobs for the implementation of the investment plan
  • Costs of material supply
  • Costs of design, production and testing of digital game software.
  • Expenditures for the agreed producer fee – production executor


Contact Us

For further information please contact VK PREMIUM Business Consultants at : info@vkpremium.com or call us : + 30 210 6835560


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