Switzerland introduces new filming incentive
Switzerland has launched a new rebate programme as a filming incentive to encourage more co-productions to be shot in the central European country.
Eligibility criteria for projects seeking support through the Switzerland Film Investment Refund (PICS) include having a budget of at least the equivalent of $2.45m and a minimum five days of location filming in Switzerland.
A project’s Swiss co-producer will then be able to claim a rebate of between 20% and 40% of billable costs, up to the equivalent of $616,000 per-production. The new programme will have an annual fund of just under $3m.
The new programme will work in tandem with existing subsidies administered by Switzerland’s National Ministry of Culture through co-production agreements with specific countries. There are also smaller regional programmes on offer.
Switzerland is globally famous for its scenic vistas and alpine landscapes, but is far from established as a European production hub. The country is eclipsed regionally as an international filming location by neighbouring Italy and Austria.
Italy recently boosted its national filming incentive support and has hosted movies like the true-life mountaineering drama Everest, which used the Italian Dolomites partly as a stand-in for the Himalayas.
Austria hosted major action set pieces for the James Bond movie Spectre, which included scenes filmed not far from the Swiss border.
For more on filming in Switzerland see our production guide.