-Since its creation in 2020, 42 projects have been approved to be beneficiaries of the Audiovisual Investment Certificates - CINA, with a projected investment in the country of more than 1 billion pesos.
-The success of the incentive demonstrates the dissemination and execution work of the Colombia Film Promotion Committee, Proimágenes Colombia, the National Government, the Ministry of Culture, the Ministry of Commerce and Procolombia.
-Among the productions that have received the incentive are Netflix's 'Chichipatos', 'Juanpis González: la serie' and 'La Azcárate de Frente', as well as 'Ritmo Salvaje', directed by Simón Brand and starring Greeicy Rendón and Paulina Davila.
In its third year of implementation, the confidence of foreign production companies and local service companies is reflected in the Audiovisual Investment Certificate (CINA), which has benefited 42 projects to date and in 2022 has a budget quota of $280,000 millions of pesos.
The incentive, granted by the National Government and administered by Proimágenes Colombia, includes cinematographic works, series, music videos, video games, animation and advertising audiovisual production. Created in 2020 with Decree 474, the CINA in a tax discount equivalent to 35% of the expenditure on audiovisual services made by a foreign production company in the country. This benefit has contributed to making Colombia a hub for audiovisual production in Latin America.
In 2021, the CINA incentive completed its quota of 200,000 million pesos in tax discounts and benefited 29 projects from countries such as the United States, Spain, Ecuador, Mexico and Israel.
So far this year, 5 projects have been approved that will receive CINA for $30,860,402,103 and have a projected investment in the country of more than $97,485,000,000. It should be remembered that the approved quota for 2022 is 280 billion pesos and to date it has an available balance of $249,139,597,897.
Since its inception, in the second half of 2020, so far 45 projects have been approved to receive the stimulus. Of the 42 projects in execution, a total investment in the country of more than $1,000,000,000,000 is expected and CINAs have been approved for up to $297,914,462,681.
About Proimages Colombia
Dedicated to the development of the Colombian film industry, the Mixed Fund for Film Promotion – Proimágenes Colombia is an autonomous non-profit entity with the participation of the public and private sectors.
It manages the Film Development Fund – FDC, which provides cash resources to national productions and co-productions and represents Colombian cinema internationally. It also has the Colombian Film Commission that promotes the country as a filming location, channeling incentives to national and international productions with cash refunds and tax incentives for international audiovisual projects.
About the Colombian Film Commission
A project of Proimágenes Colombia, supported by the National Government, whose purpose is to promote the country as a destination for audiovisual production. Its website www.locationcolombia.com offers an extensive directory of locations, as well as companies and professionals in the audiovisual sector, as well as information about the incentives offered to the film industry and the processes and permits required for shoot in Colombia.
