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Puerto Rico Commercial Production Incentives

State Incentives

Questions about the Puerto Rico Incentive Program?

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    Type of IncentiveTransferable Tax Credit
    Incentive Amount20 - 40%
    ResidencyBoth residents and non-residents can qualify
    Minimum Spend$100,000
    Production CapNone
    Salary CapNone
    Annual Cap$38M per fiscal year.
    Application TimelineProjects must obtain a pre-application conference letter prior to production. Application must be submitted prior to completion of production
    Loan-Out RegistrationYes
    Loan-Out Withholding20%
    CPA AuditYes

    Puerto Rico Film Commission

    www.FilmInPuertoRico.com

     

    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.