The Canary Islands enjoy a specific tax regime due to their geographical situation regarding mainland Spain. In order to promote economic and social development on the islands, the Canaries offer some very attractive advantages which are successfully applied to film production.
The Canary Islands have become one of the best places in Europe to shoot as in addition to the tax breaks, the islands boast excellent climate, natural conditions and a wide range of landscapes plus a solid film sector with qualified experienced professionals who can tackle every shoot.
In the Canaries there is a 38-40% deduction capped at 5.4 million Euros for Spanish productions. Foreign productions can enjoy a 35% tax rebate capped at 4.5 millions. That is 20 percentage points above the rest of Spain.