18 April 2023 Costa Rican Executive Branch publishes regulations to law aimed at attracting film investment to Costa Rica
The Costa Rican Executive Branch published Executive Decree No. 43996-H-COMEX-GOB in the Official Gazette on 14 March 2023, providing regulations for Law No. 10.071 (Law) on attracting film investments to Costa Rica. The regulations detail the requirements, conditions, and proceedings that nondomiciled producers or coproducers must meet to apply for the benefits established under Law No. 10.071 in relation to specific film or audiovisual investment projects duly approved by the Costa Rican Foreign Trade Promoter (PROCOMER).
These benefits are subject to several conditions and requirements that are detailed in the regulations. In addition, the regulations contain provisions on migration facilities for specific film or audiovisual investment projects, as well as provisions applicable to the promotion of productive linkages (e.g., supply chain). Those interested in applying for any of the tax benefits provided under this Law to develop film or audiovisual investment projects in Costa Rica should review the requirements and conditions detailed in the regulations.
Document ID: 2023-0731 | |