Chile 🇨🇱

Chile offers a structured incentive program to attract international audiovisual productions, aiming to boost investment in the local film industry and showcase the country’s diverse landscapes and culture.

1. Chile Cash Rebate Film Incentive

• Cash Rebate: Chile provides a reimbursement on qualified expenses incurred within the country for eligible audiovisual projects.

2. Detailed Breakdown of Cash Rebate

Rebate Percentage:

• 30% of qualified expenses for productions within the Metropolitan Region.
• 40% for productions conducted entirely outside the Metropolitan Region.

Rebate Cap:

• Maximum reimbursement of USD 3 million per project.

Eligible Productions:

• Feature films.
• Television series.
• Documentaries.
• Animations.
• Other audiovisual works.

3. Terms and Conditions Associated with the Incentive

Eligible Expenses:

• Costs directly related to pre-production, production, and post-production activities carried out in Chile.
• Expenses must be incurred within Chilean territory to qualify.

Applicant Eligibility:

• Foreign legal entities responsible for creating an audiovisual work, developed wholly or partially in Chile.
• Applicants can participate directly or through a co-execution agreement with a national production company.
• Foreign companies must contribute the majority of the investment.

Application Timeline:

• The call for applications is open until December 31, 2024.

4. Governing Body for the Incentive

Corporación de Fomento de la Producción (CORFO):

• Administers the incentive program in collaboration with:
  • The Ministry of Economy, Development and Tourism.
  • The Ministry of Culture, Arts, and Heritage.
• Oversees applications, evaluations, and disbursements.

5. Process/Outline for Applying or Becoming Eligible for the Incentive

1. Application Submission:

• Complete the application form available on CORFO’s official website.
• Provide necessary documentation, including:
  • Project details.
  • Budget.
  • Financing plan.
  • Production schedule.

2. Evaluation:

• CORFO evaluates applications based on:
  • Eligibility criteria.
  • Project impact.
  • Alignment with program objectives.

3. Approval and Agreement:

• Upon approval, enter into an agreement with CORFO outlining the terms and conditions of the rebate.

4. Production and Expenditure Tracking:

• Proceed with production, ensuring all eligible expenses are documented and comply with program requirements.

5. Reimbursement Claim:

• After production, submit the necessary documentation to claim the reimbursement.
• CORFO processes the claim and disburses the funds accordingly.

Resources for More Information

• Visit CORFO’s official website for detailed guidelines and application forms.
• Contact CORFO directly for assistance with the application process.