What's Happening?
The Colombia Film Commission at Proimágenes Colombia has announced a significant increase in the budget allocation for the Audiovisual Investment Certificate (CINA) for 2026. The allocation has been raised
to COP 350 billion, approximately $90 million, marking a 49% increase from the previous year. This boost is the largest in the history of Colombia's production incentives and is aimed at attracting more foreign film, TV, and video game productions. The CINA offers a transferable tax credit equivalent to 35% of eligible expenses incurred by foreign productions in Colombia. Additionally, the Colombia Film Fund (FFC) provides a cash rebate of 40% on audiovisual services and 20% on logistical services. These incentives have supported over 165 international projects, generating significant investment and creating numerous jobs.
Why It's Important?
The increase in tax credits is a strategic move by the Colombian government to solidify its position as a competitive destination for international audiovisual productions. By enhancing these incentives, Colombia aims to attract more global investment, which can lead to economic growth and job creation within the country. The success of the CINA program in 2025, which fully allocated its budget by September, demonstrates the effectiveness of these incentives in drawing high-profile projects. This development is crucial for Colombia's economy as it not only boosts the local film industry but also promotes tourism and cultural exchange. The presence of major international studios and platforms like Netflix, Amazon, and Disney+ further underscores Colombia's growing reputation as a hub for creative industries.
What's Next?
Looking forward, several high-profile projects that have benefited from the CINA incentives are set to premiere in 2026. These include the second season of 'One Hundred Years of Solitude' on Netflix and 'The Night Manager' on Amazon, as well as a documentary on Colombian soccer star James Rodríguez. The continued success of these projects could further enhance Colombia's appeal as a production destination. The government and the Colombia Film Commission are likely to continue promoting these incentives to attract even more international productions, potentially leading to further economic benefits and increased global recognition of Colombia's cultural and creative sectors.
