FFC
Cash REBATE
It is a cash rebate equivalent to 40% of expenses on audiovisual services and 20% of expenses on logistical services incurred in the country.
To be eligible for the FFC incentive, a minimum expenditure on audiovisual and logistical services in Colombia must be met, as follows:
Audiovisual works or feature films
1,800 SMLMV, equivalent to COP 2.563 billion (USD $641,000*).
Series
1,800 SMLMV, equivalent to COP 2.563 billion (USD $641,000*), with an average cost per episode of 450 SMLMV, equivalent to COP 641 million (USD $160,000*). Both conditions must be met. A series with fewer episodes may apply if it meets the total minimum spend, or a series with more than four episodes may apply as long as it maintains the minimum spend per episode.
* If the total expenditure in the country is equal to or greater than 9,000 SMLMV, equivalent to COP 12.812 billion (USD $3.2 million), the average spend per episode is not required.
Short-form web series or animated series
1,800 SMLMV, equivalent to COP 2.563 billion (USD $641,000*), with an average cost per episode of 72 SMLMV, equivalent to COP 103 million (USD $25,640*). Both conditions must be met. A series with fewer episodes may apply if it meets the total minimum spend, or a series with more than 25 episodes may apply as long as it maintains the minimum spend per episode.
Music video package
1,800 SMLMV, equivalent to COP 2.563 billion (USD $641,000*), with an average cost per video of 72 SMLMV, equivalent to COP 103 million (USD $25,440*). Both conditions must be met. A package with fewer videos may apply if it meets the total minimum spend, or a package with more than 25 videos may apply as long as it maintains the minimum spend per video.
Post-production projects
1,800 SMLMV, equivalent to COP 2.563 billion (USD $641,000*)
*Approximate value in U.S. dollars.
*SMLMV refers to the Colombian legal monthly minimum wage, which is approximately COP 1,424,000 (around USD $356*).
Only for projects that were beneficiaries of the FFC for production prior to their post-production stage.
- The call for applications for the FFC incentive is open year-round until the annual quota is exhausted.
- Maximum reimbursement per project for 2025: COP 3,340,196,500 (USD $835,000).
TIMEFRAME FOR ELIGIBLE EXPENDITURES IN COLOMBIA
Each producer, depending on the type of project, may indicate the required timeframe according to their production schedule, without exceeding the following maximum duration:
24 months, except for animation projects, which may take up to 48 months.