12 NOV 2021

Israel is set to launch a program to encourage foreign film productions

The plan will allocate NIS 45 million for foreign TV and movie productions in Israel in the next two years, and will be the latest in a series of schemes attempting to incentivize Hollywood to use Israel as a backdrop.

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The government of Israel is set to launch a program to encourage foreign film productions to shoot in the country, Finance Minister, Avigdor Liberman, announced on Thursday. The plan will allocate NIS 45 million (more than US$14 million) for foreign television and movie productions in Israel in the next two years, and will be the latest in a series of schemes attempting to incentivize Hollywood to use Israel as a backdrop, The Times of Israel informed.

“The plan will constitute a significant step toward positive branding of Israel in the world as a center for filming international movies and television shows by using its natural resources and unique historical sites,”  Liberman assured. “The initiative is a cooperative effort by the culture, foreign, economy, tourism and finance industries,”  he added.

Such plans have been announced with much fanfare every few years since a 2008 law was passed offering tax benefits and other incentives to encourage filming in Israel. That law, however, required foreign producers to receive their returns through a local film company, a process that was deemed needlessly bureaucratic and impractical, and the financial incentives were still lower than those offered by other countries, The Times of Israel said.

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