Creative Industries

Among the objectives of the code of incentives is to promote Puerto Rico as a unique location for the film industry and related activities, including postproduction. Therefore, entities dedicated to creative industries that established or will establish a business in Puerto Rico may request an incentive decree. Eligible activities may include a film project in which the production or post-production is carried out on the Island and is for distribution or exhibition outside Puerto Rico; series in episodes, miniseries, and television programs for distribution or exhibition outside Puerto Rico; videogames projects, film festivals, music videos, just to name a few.

Our White Paper on Creative Industries- Chapter 9 of Subtitle B of the new code summarizes all the eligible activities that may qualify for this incentive, the available tax benefits, the terms of the decree, available tax credits, and a special donation deduction to businesses dedicated to the film industry.

Man making glassware in a factory