FEDERICO PESIRI
Chartered Accountant & Labor Consultant
Federico Pesiri is a seasoned expert in international tax planning and strategic business consulting, with extensive experience helping companies optimize their financial and operational structures.
Over the years, he has assisted both Italian and international businesses and entrepreneurs in establishing and expanding their operations in Spain, particularly in the Canary Islands. He has maintained a long-standing collaboration with ZEC (Zona Especial Canaria), providing specialized advisory services to companies looking to benefit from the region’s advantageous tax framework. His expertise lies in corporate taxation, fiscal strategy, and cross-border financial planning, making him a key partner for businesses seeking international growth.
VINCENZO BRUDAGLIO
Attorney at Law | Specialist in International Contracts & Banking-Insurance Law
Vincenzo Brudaglio is a highly experienced legal expert in international contract law, banking, and insurance, specializing in facilitating cross-border transactions and regulatory compliance.
With a strong focus on U.S. clients and specialized service providers in the Canary Islands, he has played a crucial role in managing international partnerships, contract negotiations, and risk mitigation strategies. His deep understanding of financial regulations and commercial law ensures that clients navigate legal complexities with confidence and efficiency.
| Incentives | Canary Islands | Mainland Spain | Portugal |
|---|---|---|---|
| Tax rebate | 54% for the 1st million € 45% for the rest |
30% for the 1st million € 25% for the rest |
30% or 40% by special conditions (Low Density territories) |
| Minimum expenditure | 1 million euros | 1 million euros | Not less than €500,000 per project, or €250,000 for documentaries or when production activities in Portugal do not include filming |
| Maximum cap | 36,000,000 euros (this limit could increase more) | 20,000,000 euros | 4,000,000 euros |
| Total budget for the film | 2 million euros | 2 million euros | Not specified |
| Max. deduction from the budget | Max. deduction base 80% from the total budget | Max. deduction base 80% from the total budget | Not specified |
| Max. public funding | The incentive + all public funding cannot exceed 50% from the total budget | The incentive + all public funding cannot exceed 50% from the total budget | The incentive + all public funding cannot exceed 50% from the total budget or 60% in the case of international co-productions |
| Eligible expenditure | Suppliers, facilities, creative staff, crew, excluded only administrative costs | Suppliers, facilities, creative staff, crew, excluded only administrative costs | Subject to several requirements: • Personnel • Goods and services supplied by companies • Producers and production companies, directors, writers and other authors |
