Reimbursement for Icelandic film production raised to 25%
In a move to draw more international productions to Iceland, the Icelandic parliament has passed a new law that allows film producers to apply to the state treasury for a reimbursement of 25% of costs incurred by film and television productions shot in Iceland.
This comes after Norway introduced it had a 25% incentive, which started this year and has already funded projects like The Snowman.
The new law will take effect at the beginning of 2017 and will last for five years. Until then the reimbursement will remain at 20%.
Iceland has been a major Nordic country attracting foreign productions, and the country today is not only known for stunning locations but a highly skilled crew and sturdy infrastructure. Recent productions to shoot in Iceland include Star Wars: The Force Awakens, Fortitude, Game Of Thrones, The Secret Life Of Walter Mitty, Noah, Oblivion, Sense8, Thorand Fast & Furious 8.