The Central and Eastern European region has truly become a hub for film production in recent years and we expect this trend to continue.
Low production costs, state of the art infrastructure and a skilled workforce have all contributed towards this and, in addition, governments are highly supportive and aim to encourage investors willing to make their movies in CEE.
We have seen some well-known films produced in CEE, including Blade Runner 2049, Red Sparrow, Inferno and Atomic Blonde to name just a few.
CMS is a full service law firm with sizeable offices in all of the countries covered by this guide. We have advised many investors over the past few years, and so we decided to create this quick guide to provide some basic information on the funds available in CEE.
We cover seven CEE jurisdictions: Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovakia and the Ukraine and provide answers to key questions such as:
- What kind of incentives are available: cash rebates, subsidies, tax credit or others?
- What are the main rules for receiving support?
- What is the procedure?