Faroe Islands 🇫🇴

The Faroe Islands offer a film reimbursement scheme to attract international film and television productions. Below is an overview of the incentive:

1. Faroe Islands Cash Reimbursement Scheme

Cash Rebate: A reimbursement of up to 35% on eligible production expenditures incurred in the Faroe Islands.

2. Detailed Breakdown of the Film Incentive

Rebate Percentage:

• 25% rebate for productions with budgets up to €500,000.
• Up to 35% rebate for larger-budget productions.

Annual Cap:

• The total annual reimbursement cap is set at €540,000 (DKK 4 million).

Eligible Expenses:

Costs directly related to the production within the Faroe Islands, including:

• Local crew salaries.
• Equipment rentals.
• Accommodation and catering.
• Location fees.

3. Terms and Conditions Associated with the Incentive

Eligibility:

Both international and local productions with some international investment are eligible.

Application Requirement:

Productions must apply for the reimbursement, providing detailed information about the project, budget, and intended local expenditures.

Compliance:

Productions must adhere to Faroese laws and regulations throughout the filming process.

4. Governing Body for the Incentive

Faroese Film Institute (Filmshúsið):

Established in 2018, the institute is responsible for administering the film reimbursement scheme, providing guidance to filmmakers, and promoting the Faroe Islands as a film location.

5. Process/Outline of Applying or Being Eligible for the Incentive

1. Application Submission:

Submit an application to the Faroese Film Institute, including a detailed project description, budget, and production schedule.

2. Evaluation:

The institute reviews the application to ensure it meets eligibility criteria and aligns with the objectives of promoting the Faroe Islands.

3. Approval:

Upon approval, an agreement outlining the terms of the rebate is established between the production company and the Faroese Film Institute.

4. Production:

Proceed with production in the Faroe Islands, maintaining detailed records of all local expenditures.

5. Rebate Claim:

After production completion, submit a claim to the Faroese Film Institute, including all necessary documentation of expenses.

6. Disbursement:

Upon verification, the institute disburses the rebate based on the agreed percentage of qualifying local expenditures.

For detailed guidelines and assistance, it is advisable to consult the official website of the Faroese Film Institute or contact them directly.