Malta film industry expected to generate over €80 million

The Min­is­ter for tourism in Mal­ta, Edward Zam­mit Lewis, said at the first meet­ing of the “Gvern li Jis­ma” (trans­lat­ed from Mal­tese to: a gov­ern­ment that lis­tens) that the film indus­try in Mal­ta is like­ly to gen­er­ate over €80 mil­lion for the Mal­tese econ­o­my this year. He also men­tioned the fig­ures from 2013, which stood at €5 mil­lion and they went up to €29 mil­lion in 2014. He then con­firmed that the amount from last year had already been exceed­ed by this time for this year, and there­fore the amount is like­ly grow even fur­ther.

These great fig­ures show the grow­ing pop­u­lar­i­ty of Mal­ta as a film­ing loca­tion. The gov­ern­ment is work­ing on improv­ing the film indus­try and the resources need­ed by pro­duc­tion com­pa­nies. The tourism min­is­ter also said that Gozo needs to be bet­ter pre­pared for cop­ing with film­ing pro­duc­tions, as the recent shoot­ing of By the Sea with Angeli­na Jolie and Brad Pitt had shown that the sis­ter island of Mal­ta is not pre­pared enough to cope with larg­er pro­duc­tions.

There are cur­rent­ly three pro­duc­tions being shot in Mal­ta, and more are to be car­ried out this year. The movie indus­try is recog­nis­ing the poten­tial that Mal­ta has to offer as a film­ing loca­tion and the ben­e­fits con­nect­ed to choos­ing the islands. The gov­ern­ment has also imple­ment­ed inter­est­ing fis­cal incen­tives for pro­duc­tion com­pa­nies. Among them are cash rebates, VAT refunds and oth­er incen­tives.

If you have a movie pro­duc­tion com­pa­ny, and you would like to find out more about Mal­ta as a film­ing loca­tion you are wel­come to con­tact the office of Dr. Wern­er & Part­ner. We have assist­ed many clients to take advan­tage of the Mal­ta lim­it­ed com­pa­ny mod­el for movie pro­duc­tion com­pa­nies and to make effec­tive use of the incen­tives that Mal­ta offers film pro­duc­tion com­pa­nies.

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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