Home / Arts and Entertainment / Colombia's Film Incentive Soars to $90M
Colombia's Film Incentive Soars to $90M
19 Dec
Summary
- Colombia raised its film incentive fund by 49% to $90 million.
- The incentive offers a 35% transferable tax credit for audiovisual services.
- Audiovisual production generated over $861 million and 130,000 jobs.
Colombia's Film Commission has announced a significant increase in its CINA incentive, raising the fund to $90 million for 2026. This represents a 49% boost from the previous year's $60 million, which was fully allocated rapidly. The CINA program offers a 35% transferable tax credit on expenditures for audiovisual services, benefiting feature films, series, music videos, and more.
Since its launch, the incentive has supported over 165 international audiovisual projects, attracting more than $861 million in investment and generating over 130,000 direct jobs. Approved projects for 2025 alone, from major studios like Disney+, Sony Pictures, and Netflix, brought in an estimated $188 million in investment, underscoring the program's success and reliability.
This expansion solidifies Colombia's position as a strategic partner for large-scale audiovisual productions. The country offers highly qualified talent, diverse locations, and a robust incentive system, which has attracted numerous international projects and significantly boosted the national economy through tourism and services, impacting 24 departments and 153 municipalities.
