Dimitris Logothetis

Cyprus Film Market Analysis

The Cyprus Ministry of Education, Culture, Sport and Youth (MECSY) made great efforts in 2019 to expand the country’s activities in various aspects concerning cinema, including film production, film education and film festivals.

The first international film exclusively shot in Cyprus using the 35% film incentive scheme, which was launched in 2018, was Jiu Jitsu directed by Dimitris Logothetis and starring Nicolas Cage. The film successfully completed shooting on the island in August 2019.

Patchwork, a fiction film directed by Petros Charalambous and Janine Teerling and produced by Cypriot AMP Filmworks in coproduction with Boo productions from Greece and Transfax Film Productions from Israel also completed shooting in Cyprus in 2019.

More International Productions Expected to Shoot in Cyprus

The Cypriot film incentive scheme run by Invest Cyprus – CIPA (Cyprus Investment Promotion Agency) has an annual budget of 25 m EUR (initially 1.5 m EUR). The scheme provides Cypriot and foreign producers cash rebates and/or tax credits of up to 35% on qualifying production expenditures and it also provides tax allowances of 20% for investment in infrastructure and equipment on the Island.