The Mediterranean island nation of Cyprus has stepped up its efforts to lure producers through a recently enacted film incentive program. Additionally, the country offers the advantage of the widespread use of English alongside Greek (the official language), and as a member of the E.U. uses the Euro as its national currency.
Introduced last fall, the program provides a choice between a cash rebate or a tax credit of up to 35% on qualifying local spending for feature films, TV series, animation, documentaries and other projects, provided they meet certain financial criteria and pass a cultural test. Read more.