Film industry in Malta contributing 28 million euros to economy

Last year was a tru­ly amaz­ing year for the film indus­try in Mal­ta. In the sec­ond half of 2014 the indus­try gen­er­at­ed around 28 mil­lion euros for the Mal­tese econ­o­my. This 650% increase, com­pared to the same peri­od of last year, was the result of 9 major film pro­duc­tions.

There is cur­rent­ly a process under­way for an agree­ment of coop­er­a­tion of the film indus­tries between Chi­na and Mal­ta. The Tourism min­is­ter Edward Zam­mit also announced that there is going to be the first Chi­nese film pro­duc­tion to be shot in Mal­ta. It will be called Sonata Mal­ta.

The Mal­ta Film Fund is now going to be revised, as the Film Com­mis­sion invest­ed around 1 mil­lion euros in train­ing Mal­tese film work­ers and artists. This invest­ment has paid off, and the fund has an allo­ca­tion of 250.000 euros for this year.

This great result con­firms the growth of the movie indus­try in Mal­ta. The islands are becom­ing more pop­u­lar as a film­ing loca­tion, and great pro­duc­tions, such as World War Z, By the Sea, Glad­i­a­tor, Troy and the TV series Game of Thrones have used film­ing loca­tions on Mal­ta and Gozo.

In order to pro­mote Mal­ta as an attrac­tive film­ing loca­tion the gov­ern­ment also offers fis­cal incen­tives in form of cash rebates and a VAT refunds. This is pos­si­ble through a film­ing com­pa­ny that needs to be estab­lished direct­ly in Mal­ta. If you would like more infor­ma­tion about how to get this refund with your film­ing com­pa­ny, you are wel­come to con­tact us at the office of Dr. Wern­er & Part­ner.

About Philipp Sauerborn

In 2005, Philipp Sauer­born joined the firm of St. Matthew in Lon­don, one of the lead­ing Ger­man account­ing firms in Eng­land renowned for its exper­tise in cor­po­rate, com­mer­cial and tax law, as a depart­ment head. After three years, he was a part­ner and man­ag­ing direc­tor.
Towards the end of 2011, he decid­ed to move to Mal­ta, where he first worked at inter­na­tion­al law firms and con­sul­tan­cies in an employed and con­sult­ing capac­i­ty. Since the begin­ning of 2013, he has been a senior employ­ee at Dr. Wern­er & Part­ner. Mr. Sauer­born is cur­rent­ly com­plet­ing his ADIT ‑Advanced Diplo­ma in Inter­na­tion­al Tax.

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