Delivery alert

There may be an issue with the delivery of your newspaper. This alert will expire at NaN. Click here for more info.

Recover password

Cyprus woos filmmakers with year-long sunshine, 35 pc rebate

NICOSIA, Cyprus — Under its adopted moniker of “Olivewood,” the tiny Mediterranean island of Cyprus is trying to woo moviemakers from around the world with 300-plus days of sunshine yearly and a package of financial incentives including a cash rebate of up to 35 percent.

A film “summit” on Wednesday brought together 120 directors and producers from as far afield as Australia to hear about Cyprus’ competitive advantages, including 100 centuries of civilization, advanced infrastructure and a wealth of local production talent.

Invest Cyprus official Lefteris Eleftheriou touted Cyprus as a “natural film studio” — the island is nearly on the same latitude as Los Angeles.

Apart from the rebate, filmmakers can also apply for tax credit of up to 35 percent and a sales tax exemption.

TOP |