Cyprus has introduced a financial incentive scheme for audiovisual works dedicated to international producers and film studios that meet the criteria of Small and Medium Enterprises. The aim of the scheme is to promote Cyprus to investors as a film location on an international level, under the Incentive Plan “Olivewood”.
The island of Cyprus is an EU member state, located northeast of the Mediterranean Sea and is one of the region’s leading business centres while it enjoys the advantages of tourism, consultancy, shipping, banking, and insurance markets. The official languages of the island are Greek and English.
Cyprus is the sunniest island in Europe with over 300 days of sun and is endowed with golden sand beaches with crystal-clear waters and pine-scented forests. The proximity between the beaches, forests, mountains and picturesque villages is very small, thus, having them under a consistently sunny climate is ideal for film productions. In other words, Cyprus is itself a “natural studio”.