Why Hungary | Financial Advantages for Filmmakers in Hungary

- Tax incentive up to 25% existing since 2004 is secure and reliable. This is a routine procedure administrated through The National Film Office.

- Local vendors and subcontractors charge 25% on top of services. It is a cash-flow routine and reclaim procedure. Up on request we can recommend tax advisors with international credits.

- Labor costs in Hungary are dramatically lower than the US, Canada and UK as well as Western Europe. For ‘Munich,’ Spielberg shot Budapest for Paris, Rome, London, etc. primarily for this reason.

- The only fringe required is a 2% local industrial tax.

- Extras are inexpensive. 12.000.- HUF or $60.00 for a 12 hour shoot. (exchange rate: 1/200)

- Rates are based on 12 hour days. Overtime is relatively inexpensive and fixed:

• 3.000 - HUF / $15.00 USD for drivers, clean-up crew and security. (exchange rate: 1/200)
• 5.000 - HUF/ $25.00 USD for the first hour and 6000,- HUF/ $29.20 USD for the second and each additional hour for rest of the crew. (exchange rate: 1/200)
• Actors are negotiable based on low percentage.
• Not only direct production related costs, but also complete financing, insurance, bond fees and legal fees qualify for the rebate as long as they are paid through your a Hungarian production partner entity.