Puerto Rico Commercial Production Incentives
Questions about the Puerto Rico Incentive Program?
| Type of Incentive | Transferable Tax Credit |
| Incentive Amount | 20 - 40% |
| Residency | Both residents and non-residents can qualify |
| Minimum Spend | $100,000 |
| Production Cap | None |
| Salary Cap | None |
| Annual Cap | $38M per fiscal year. |
| Application Timeline | Projects must obtain a pre-application conference letter prior to production. Application must be submitted prior to completion of production |
| Loan-Out Registration | Yes |
| Loan-Out Withholding | 20% |
| CPA Audit | Yes |
Puerto Rico Film Commission
PR program requires non-residents working in PR to have 20% withheld. ANY production crew/talent coming from the US who do not have this withholding done, jeopardize the entire credit.