Screen Flanders, Screen Brussels, and Wallimage (Wallonia) are the economic funds, investing mainly in international co-productions to stimulate the local audiovisual industry. Flanders Audiovisual Fund (VAF) and the Centre du Cinema et de l’Audiovisuel (French speaking community) are the cultural funds. In addition, there are also regional economic and cultural funds, both of which are available to qualifying international projects as well, with financing up to 24%. Based upon the amount of qualifying production costs spent in the European Economic Area and Belgium, it can provide financing up to 42%.
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The Tax Shelter incentive is open for film, documentary, animation, and TV drama. Such bilateral co-production agreements exist with Canada, China, Israel, Tunisia, and several European countries. Most important, there is the Belgian Tax Shelter incentive: it applies to the whole of the country and is open to European co-productions through the European Convention on Cinematographic co-production or to productions set up within the framework of a bilateral co-production agreement between Belgium (or one of its communities) and another state.
Belgium is an attractive multi-layered cake when it comes to film financing, offering multiple attractive incentives to international co-productions on different levels, which can easily be combined.
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