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LIGHTS,
CAMERA,
COLOMBIA!
Handbook of incentives for the
audiovisual sector Law 1556 of 2012
Jungle
PROIMÁGENES COLOMBIA
Claudia Triana de Vargas
Director
Silvia Echeverri Botero
Promotion and Film Commission Director
Andrea Afanador Llach
FDC Programs Director
Juliana Ortiz García
Planning and Projects Director
Yolanda Aponte Melo
Administrative and Finance Director
Mateo Londoño Rueda
Legal Director
Omar Sandoval Vargas
Communications Adviser
PROIMÁGENES COLOMBIA –
PROMOTION AND FILM COMMISSION
Silvia Echeverri Botero
Director
Manuela Jaramillo Mejía
Promotion and Film Commission Executive
Tatiana Ucrós Acevedo
Promotion and Film Commission Coordinator
Andrés Jiménez Suárez
Promotion and Film Commission Coordinator
Laura Huertas Sastoque
Information Adviser
COLOMBIAN FILM PROMOTION
COMMITTEE – CPFC
Julián Guerrero Orozco
Vice Minister of Tourism
Ministry of Commerce, Industry and Tourism
Felipe Buitrago Restrepo
Vice Minister of Creativity and Orange Economy
Ministry of Culture
Flavia Santoro Trujillo
Procolombia President
Mauricio Reina Echeverri
Delegate of the President of the Republic of
Colombia
Jaime Abello Banfi
Delegate of the President of the Republic of Colombia
Alina Hleap Borrero
Producer´s Representative – CNACC
Jaime Tenorio Tascón
Audiovisual, Film and Interactive Media Office Director
Ministry of Culture
Claudia Triana de Vargas
Proimágenes Colombia Director
EDITORIAL COMMITTEE
Manuela Jaramillo Mejía
Editorial Coordination
Lado B
Investigation and Editorial Coordination
Texts
Javier Machicado Villamizar
José David Caucali
Camila Ivana Vargas
Vanessa Vivas
Omar Sandoval
Concept and Design
Lingua Viva Traductores
Translation
LAW 1556
PRODUCING IN COLOMBIA
CONTENTS
1 p.5
p.4
p.8
p.21
p.24
3
2
4
IMPLEMENTATION STAGES
FREQUENTLY ASKED QUESTIONS
GLOSSARY
4
PRODUCING IN
COLOMBIA
Colombia has one of the most structured
film promotion policies inthe region.
The Ministry of Culture has programs
to strengthen the procecesses of film
creation, production, research and
preservation. Since the year 2003
and the implemetation of Law 814,
the country has Film Development
Fund -FDC (managed by Proimagenes
Colombia) and a tax shlelter for
colombian donors and investors in
national projects. Nowadays, around 50
feature films and 100 short films are
produced per year in Colombia.
The Colombian Film Commission,
a program from Proimágenes Colombia,
has promoted the country as a destination
for audiovisual production over the last
12 years through specific financial
incentives that has enhanced the skills
of the workforce in the sector. Since the
passage of Law 1556 in 2012, Colombia
has become one of the leading destinations
for audiovisual production in South America
and was the shooting location for 34
productions that have benefited from
incentives of the law and employed over
25,000 people.
The scope of the scheme was
expanded in 2020; the benefits of
Law 1556 will be extended until 2032,
broadening the types of projects that
can access them and establishing a new
incentive for audiovisual production.
LAW
1556 Long Shot
6
Law 1556 of 2012 , which forms part of the
legislation to promote the film and audiovisual
industry in Colombia, establishes two incentives
that promote Colombia as a destination and
setting for the production of:
Colombian Film Fund (FFC) rebate: a cash
rebate equivalent to 40% of the money spent
on audiovisual services and 20% of the money
spent on logistical services (hotels, catering and
transport) hired with Colombian natural or legal
persons. The FFC funds are allocated each year
in the Colombian government’s general budget.
Audiovisual Investment in Colombia
Certificates (CINA): tax rebate with a value
equal to 35% of the money spent by non-
national audiovisual projects on audiovisual
services and logistical services (hotels, catering
and transport) hired with Colombian natural
or legal persons and can be transferred to
income tax filers in Colombia. The CINAs
are marketable on the stock exchange. The
maximum amount that can be awarded through
CINAs is set each year by the Colombian Film
Promotion Committee (CPFC).
FFC
CINA
Incentives
film works
TV series
music videos
video games
audiovisual production
for advertising
7
Note: Projects can be animated or include animation elements.
Production stages covered by the
incentives
In the case of non-Colombian projects, the
application can be made through a proxy in
Colombia who will take part in the project as a film
services company or Colombian co-producer.
CINA
CINA
CINA
Non-Colombian projects
· Film works
· TV series
· Music videos
1. Production.
2. Post-production.
FFC
FFC
FFC
Colombian projects
· Video games
· Audiovisual production for advertising
3. Post-producción
Note: : In the case of video games, the
development of the prototype is covered.
Note: Projects only involving post-
production cannot be put forward.
Audiovisual projects that can access
the incentives
Audiovisual project types
In both cases, applicants must be the producer
of the audiovisual project.
Mille 22
IMPLEMENTATION
STAGES
9
EVALUATION COLOMBIA
FILMING
CONTRACT
EXECUTION AND
PRODUCTION
REIMBURSEMENT/
ISSUANCE
APPROVALAPPLICATION TRUST SET UP ACCREDITATION
1. 3. 5. 7.
2. 4. 6. 8.
INCENTIVE IMPLEMENTATION
STAGES
10
APPLICATION
1
1. Application form.
2. ID of the legal representative.
3. Certificate of incorporation and le-
gal representation for the production
company.
4. Description of the production
company.
5. Certification of non-application for
another mechanism benefiting the
audiovisual industry in Colombia.
CINA
FFC
Requirements according
to project type
CINA
a. Synopsis
b. Script
c. List of locations
d. Technical sheet
e. Total value
f. Detailed schedule
g. Monthly projection of
expenses subject to CINA
Animation projects must include:
a. Animation bible
b. Production breakdown
FFC
1. FILM WORKS OF FICTION,
DOCUMENTARIES AND ANIMATION
6. Certification that the producer is
not a Colombian taxpayer.
Applicant producer
requirements
An open call available to producers.
11
CINA CINA
a. Synopsis
b. Number of episodes
c. Scripts for the first two episodes
and a series development plan
d. List of locations
e. Technical sheet
f. Total value
g. Detailed schedule
a. Synopsis
b. Number of episodes
c. Project bible
d. List of locations
e. Technical sheet
f. Total value
g. Detailed schedule
h. Monthly projection of expenses
subject to CINA
h. Monthly projection of
expenses subject to CINA
Animation projects must include:
a. Animation bible
b. Production breakdown
FFC
FFC
2.2 REALITY OR NON-SCRIPTED
SERIES AND SHORT WEB SERIES
(ONLY APPLIES TO CINA)
2. TV SERIES
2.1 FICTION, DOCUMENTARY AND
ANIMATED SERIES
12
CINACINA
a. Synopsis
b. Visual concept or treatment
c. List of locations
d. Technical sheet
e. Total value
f. Detailed schedule
g. Song lyrics
a. Pitch bible
b. Game design document
c. Technical sheet
d. Total value
e. Detailed schedule
f. Monthly projection of
expenses subject to CINA
h. Monthly projection of
expenses subject to CINA
Note: The above requirements
apply to every music video that
forms part of the proposed
package. Note: The above requirements
apply to every video game that
forms part of the proposed
package.
FFC
3. MUSIC VIDEOS 4. VIDEO GAMES
13
CINA CINA
a. Synopsis
b. Story line
c. List of locations
d. Technical sheet
e. Total value
f. Detailed schedule
g. Monthly projection of
expenses subject to CINA
a. Synopsis
b. Detailed description
c. Total value
d. Detailed description of the
post-production processes to
be carried out in Colombia
e. Colombian companies
involved in the post-production
process
f. Detailed schedule
g. Monthly projection of
expenses subject to CINA
Note: The above requirements
apply to every piece that forms
part of the proposed package.
5. AUDIOVISUAL PRODUCTION FOR
ADVERTISING
6. WORKS ONLY WITH
POSTPRODUCTION IN COLOMBIA
14
For 1 film work.
FILM WORKS
CINA
FFC
Budget and minimum spending
requirements
Total budget for expenditure in Colombia
Expenditure budget eligible for FFC/CINA
Engagement letter from the colombian film
services company or national co-producer.
Project financing plan
Bid Bond deposit in the amount of
40SMLMV (current monthly legal minimum
wage in Colombia) (USD 10.000*)
All projects require minimum spending of
This amount can be distributed in the following way, depending on
the project to be carried out and the incentive being applied for:
1.800 SMLMV
(current monthly legal minimum wage)**
The minimum spending for projects that only involve the post-
production stage is 360 SMLMV (USD 95.000*) per project.
** USD 475.000 approx.
15
Can be
distributed
through up to
4 episodes
(USD 118.750
per episode*).
· For short web series,
the spending can be
distributed through up to
20 episodes
(USD 23.750 per episode*).
· When total spending
exceeds 9.000 SMLVM
(USD 2.375.000*) there are
no restrictions on
the number of episodes.
Can be distributed
through up to 5
videos (USD 95.000
per video*).
Can be distributed through up to 5 works
(USD 95.000 por work*).
Note: At least eighty per cent (80%) of this
spending must be on audiovisual services.
Minimum spending of 360 SMLMV
(USD 95.000*) for 1 project.
Can be distributed through up to 5 video
games (USD 95.000 per video game*).
Can be distributed
through up to 20
videos (USD 23.750
per video*).
CINA
CINA
CINA
TV SERIES VIDEO GAMES
POST-PRODUCTION PROJECT
AUDIOVISUAL PRODUCTION
FOR ADVERTISING
MUSIC VIDEOS
FFC
FFC
CINA
CINA
* Approximate average value in dollars
16
The project evaluation process is conducted by Proimágenes over
the following stages:
2 3
1. Verification of fulfillment of the application
requirements.
2. When necessary, documents or content
are requested to be fleshed out.
3. A report verifying that the requirements have
been met and the relevance of the project to
the CPFC is issued.
4. Project authorization declaration.
A. The CPFC will decide if projects are approved
or rejected for reasons related to the fulfilment of the
aims of Law 1556 (promoting Colombia for audiovisual
filming, developing the Colombian film industry, and
boosting tourist activity and the country’s image).
B. Following approval from the CPFC for a project,
the in-country spending budget for audiovisual
services and logistical audiovisual services is
determined, together with the maximum FFC/CINA
reimbursement amount.
C. The signing of the Colombia Filming Contract is
ordered.
EVALUATION APPROVAL
10 working days Annual CPFC schedule.
17
A. The applicant producer must sign the
Colombian Filming Contract with Proimágenes
within a maximum period of twenty (20) days
following the approval of the project.
COLOMBIA FILMING
CONTRACT
4
5
6
B. The producer must set up a trust for the
management and payments of the budget within
a period of three (3) months following the signing
of the Colombia Filming Contract.
20 working days
TRUST SET UP
EXECUTION AND PRODUCTION
3 months
According to the audiovisual
project type
Film works 9 months 18 months
Series 12 months 24 months
Music videos 18 months 18 months
Video games 48 months 48 months
Audiovisual production
for advertising
18 months 18 months
POST-PRODUCTION ONLY 18 months
ANIMATION 48 months
Note: The execution times apply regardless of the number of works to
be produced.
AUDIOVISUAL
PROJECT
PRODUCTION
ONLY
Project execution deadlines
PRODUCTION AND
POST-PRODUCTION
18
General obligations of the
applicant producer
Note: The producer and Proimágenes Colombia will establish the
specific compliance parameters for these obligations.
1. Allowing images from the work to be used for cultural purposes.
2. Agreeing that the Colombian Film Commission can hold a press
conference.
3. Ensuring collaboration in the relationship with the Colombian
and international media to market the Colombian Film Commission
and the country.
4. Arranging for government representatives to visit the set.
5. Submitting a list of locations.
6. Submitting a list of contact details for the Colombian members
of the artistic and technical team.
7. Providing photos of the production.
8. Providing photos of each department head.
9. Providing testimonials from the members of the international
technical and artistic teams.
10. Not assigning the contract to a third party.
11. Ensuring that a non-local crew member attends a question-
and-answer session with local industry and/or students.
The applicant producer is responsible for:
Fulfilling the general obligations and other
related obligations.
Including credits for public screening and
communication.
Carrying out the filming activities for the
project in Colombia, along with production
or post-production work.
Contracting the relevant audiovisual and
logistical services.
Spending the established minimum amount.
Submitting compliance accreditations in a
timely manner.
19
The producer must carry out and submit:
1. Proimágenes will reimburse the FFC amount within
the two (2) months following satisfactory receipt of all
the required accreditations.
CINA ISSUANCE
FFC REIMBURSEMENT
7 8
FFC
CINA
1. Proimágenes will issue the certificate of
authorization to the Ministry of Culture within a
maximum period of fifteen (15) days following
satisfactory receipt of all the required accreditations.
2. The producer must make a payment to cover
administrative costs, equal to five per cent (5%) of
the nominal value of the CINA, minus the amount
corresponding to the bid bond deposit made.
3. The Ministry of Culture will issue the CINA in the
producer’s name within fifteen (15) days.
Nota: The audiovisual project can receive the first CINA once the minimum
spending requirements in the country laid down in the Resource Allocation
Manual have been met.
Certification issued by the external auditor.
A request for the reimbursement of the
FFC or CINA.
In the case of foreign audiovisual works,
certification issued by the film production
service company.
Certification issued by the trust entity.
ACCREDITATION
3 months
2 months
Budget Total amount Amount (USD)
Total spending budget in Colombia A+B+C 1.200.000
Spending budget subject to remuneration A+B 1.000.000
* Percentage of the CINA benefit before its sale, subject to a discount rate in the market.
Total spending budget in Colombia
Total
amount
Amount
(USD)
% of
incentive
Amount
(USD)
% of
incentive
Amount
(USD)
Spending budget on audiovisual services in Colombia A 750.000 40% 300.000 35% 262.500
Spending budget on logistical services in Colombia B 250.000 20% 50.000 35% 87.500
Other expenses in Colombia not subject to the incentives C 200.000
(-) Administrative expenses (5% of the incentive) N/A (17.500)
FFC / CINA incentive amount: 350.000 332.500
Approximate percentage of the FFC/CINA incentives in relation to the total spending subject to
remuneration
35% 33,3%*
FFC CINA
An example of the benefits to be received
according to the incentive being applied for
FFC/CINA).
Value simulation of the
FFC/CINA incentives
FREQUENTLY
ASKED
QUESTIONS Orbiter 9
22
Can both the FFC and the CINA incentive be
obtained with the same audiovisual project?
No, these incentives are mutually exclusive. Audiovisual projects can
only apply for and benefit from one of the incentives. Audiovisual
projects that are already involved in an active application process cannot
be put forward, and neither can projects that benefit from Law 1556 of
2012 or the incentives provided for by Law 814 of 2003 (deductions
for investors or donors or incentives from the Film Development Fund).
Is there a timetable with specific dates
for applying for the incentives?
The call is open all year. However, projects are submitted and
approved until limits are reached: the amount of funds available in
the case of the FFC, and the funding quota in the case of the CINA.
The FFC’s share of the resources is determined by the Colombian
government in the country’s general budget, and the CINA amount is
approved by the CPFC.
Does the producer need to be the owner
of the proprietary rights of the work?
The producer who coordinates, has the idea and is responsible
for the audiovisual work is the person responsible for entering
Does the film services company need to be
the co-producer of the audiovisual project?
No, the film services company does not have to be the co-producer of
the project. In the case of non-Colombian projects, audiovisual services
must be contracted through the film services company specified in
the project application, without the need for it to be the project co-
producer. For their part, Colombian co-productions can apply for any of
the incentives, but the CINA benefit only applies to the component of
spending on the provision of audiovisual and logistics services financed
with foreign resources.
1.
2.
3.
4.
into contracts with the individuals and organizations involved in
producing the work. Under Colombian law, the proprietary rights
over cinematographic work are recognized in favor of producers,
unless stipulated otherwise.
Does the producer of the audiovisual
project need to be legally established
in order to participate?
Yes. The incentives are aimed at legal persons or their foreign
equivalent. The CINA only applies for works by foreign producers who
are not Colombian income tax payers.
5.
23
Are there any restrictions if the
applicant foreign producer has
subsidiaries in Colombia?
No. The applicant foreign producer can have subsidiaries in
Colombia, which can be hired as the film services company if they
are legally established legal persons and have been entered in the
Colombian Ministry of Culture’s register of film service providers,
and if their corporate purpose includes the provision of film
services.
https://www.mincultura.gov.co/areas/cinematografia/Paginas/
Servicios-Cinematografico.aspx
Which expenses are not covered by
the incentives?
The incentives do not cover trust expenses, auditing, purchases
of goods, or expenses that are not part of audiovisual services
or logistical services provided by Colombian natural or legal
persons, as defined by the Resource Allocation Manual. All
expenses will be covered, provided that they meet the definition
of audiovisual services or logistical audiovisual services.
Are there costs in applying for the
incentives?
When putting forward audiovisual projects, a bid bond deposit
totaling forty (40) SMVLM (USD 10.000*) must be paid as
a commitment to fulfilling the obligations assumed by the
producer. In the event of an audiovisual project not being
approved, the bid bond deposit amount will be reimbursed to the
producer. In the case of the CINA, the producer must deposit
an amount equal to 5% of the face value of the CINA when
submitting the certifications for the certificate to be issued. The
bid bond deposit amount paid upon application will be deducted
from this first amount.
7.
8.6.
Who can I sell the
CINA to?
The CINA can be sold directly to natural or legal persons who are
income tax payers in Colombia. Likewise, it can also be sold on the
Colombian stock market. Income corresponding to the sale of CINA is
not subject to withholding tax in the country, and nor does it represent
taxable income in Colombia.
9.
* Approximate average value in dollars
GLOSSARY Palmeras en la nieve
25
When ‘days’ are mentioned, they are understood as working days, meaning any day from
Monday to Friday excluding public holidays in Colombia.
Application of
time limits
Colombia Filming
Contract
A CPFC approved legal transaction that the applicant producer of the audiovisual project
must enter into in order to regulate the terms for the allocation of the incentives.
CPFC The Colombian Film Promotion Committee, a decision-making body responsible for the
incentives of Law 1556 of 2012.
Management
Organization
This refers to Proimágenes Colombia, which is in charge of managing the processes related to
the CINAs and the FFC cash rebate and also operates as the Colombian Film Commission.
https://www.proimagenescolombia.com — www.locationcolombia.com
Film work The term “film work” denotes the elements that come together to form it, and that represent
an art object of cinematographic language, a set of images in movement with or without sound
and a material medium that enables them to be recorded.
26
An audiovisual production that is primarily intended to entertain or inform through dialog but
without a script (such as reality shows, games programs or awards ceremonies).
Audiovisual work with the strict purpose of marketing goods, products, brands or services,
among others.
Short series are short-term series with a typical duration of between two and five episodes.
They are characterized by having a previously determined number of episodes, and by
following a story line that unfolds over the course of the series.
Work that involves foreign financial participation.
Non-scripted work
Audiovisual production
for advertising
Short series or short
web series
Non-national audiovisual work
Fiction, documentary or any other audiovisual work approved by the CPFC, which is
broadcast or communicated to the public by episodes. This includes reality shows and
non-scripted works.
Series
National or nationally co-produced cinematographic work is considered that fulfills the economic,
technical and artistic criteria laid down in Law 397 of 1997 and Decree 1080 of 2015.
National or nationally
co-produced film work
27
Hotel, catering and transport-related items that are required as part of the cinematographic
or audiovisual project.
The current monthly legal minimum wage in Colombia, which is updated each year.
An audiovisual work that consists of an interactive application that leads to an experience
that allows for interaction with the elements contained within said application, through the
use of audiovisual and software tools.
An audiovisual work that essentially aims to represent an artist or piece of music. This does
not include the recording of concerts but it can incorporate images from recorded concerts.
Film or audiovisual
logistical services
SMLMV
Video game
Music video
Film or
audiovisual services
Specialized activities in the pre-production, production and post-production of film or
audiovisual works, including artistic and technical services provided by Colombian natural or
legal persons domiciled or resident in the country.
INCENTIVE IMPLEMENTATION STAGES FOR THE AUDIOVISUAL SECTOR LAW 1556 OF 2012
1APPLICATION An open call available to producers.
APPLICANT PRODUCER REQUIREMENTS
REQUIREMENTS ACCORDING TO PROJECT TYPE
1. Film works of fiction, documentaries
and animation
2.1 Fiction, documentary and animated series
2. TV Series
2.2 Realities or non-scripted series and short web series
(only applies to CINA)
3. Music Videos
4. Videogames
a. Pitch bible
b. Game design document
c. Technical sheet
d. Total value
e. Detailed schedule
f. Monthly projection of expenses subject
to CINA
Note: Requirements apply to every
video game.
CINA
a. Synopsis
b. Script
c. List of locations
d. Technical sheet
e. Total value
f. Detailed schedule
g. Monthly projection of expenses
subject to CINA
Animation projects must include:
a. Animation bible
Animation projects must include:
a. Animation bible
a. Synopsis
b. Number of episodes
c. Scripts for the first two
episodes and a series
development plan
d. List of locations
e. Technical sheet
f. Total value
g. Detailed schedule
h. Monthly projection of expenses
subject to CINA
a. Synopsis
b. Number of episodes
c. Project bible
d. List of locations
e. Technical sheet
f. Total value
g. Detailed schedule
h. Monthly projection of expenses
subject to CINA
a. Synopsis
b. Visual concept or treatment of
the project
c. List of locations
d. Technical sheet
e. Total vaule
f. Detailed schedule
g. Song lyrics
h. Monthly projection of expenses
subject to CINA
Note: Requirements apply to every music video.
b. Production breakdown
b. Production breakdown
5. Audiovisual production for advertising
a. Synopsis
b. Story line
c. List of locations
d. Technical sheet
e. Total value
f. Detailed schedule
g. Monthly projection of expenses subject
to CINA
Note: Requirements apply to every piece.
6. Works only with postproduction in
Colombia
a. Synopsis
b. Detailed description
c. Total value
d. Detailed description of the post-
production processes to be carried out
in Colombia
e. Colombian companies involved in the
post-production process
f. Detailed schedule
g. Monthly projection of expenses
subject to CINA
FFC
INSTRUCTIONS
BUDGET AND MINIMUM SPENDING
REQUIREMENTS
All projects require minimum spending of
1.800 SMLMV *
The minimum spending for projects that only
involve the post-production stage is 360
SMLMV (USD 95.000) per project.
* USD 475.000 approx.
Film works
TV Series
Music videos
· For short web series, the
spending can be distributed
through up to 20 episodes.
· When total spending exceeds
9.000 SMLVM (USD 2.375.000)
there are no restrictions on the
number of episodes.
Can be distributed
through up to 5 videos.
Can be distributed through up to 5 video games.
Minimum spending of 360 SMLMV (USD 95.000) for 1 project.
Can be distributed through up to 5 works.
Note: At least eighty per cent (80%) of this spending
must be on audiovisual services.
Can be distributed
through up to 20videos.
FFC
FFC
CINA
CINA
CINA
CINA
CINA
CINA
Video games
Post-production project
Audiovisual production for advertising
For 1 film work.
Can be
distributed
through
up to 4
episodes.
FFC
For more information about documents and requirements you can check the Resource
Allocation Manual of incentives for the audiovisual sector Law 1556 of 2012
Total budget for expenditure
in Colombia
Expenditure budget eligible for
FFC/CINA
Engagement letter from the colombian film
services company or national co-producer.
Project financing plan
Bid Bond deposit in the amount of
40SMLMV (USD 10.000)
6. Certification
that the producer
is not a Colom-
bian taxpayer.
CINA
1. Application form.
2. ID of the legal representative.
3. Certificate of incorporation and legal representation for the production company.
4. Description of the production company.
5. Certification of non-application for another mechanism benefiting the au-
diovisual industry in Colombia.
FFC
Film works 9 months 18 months
Series 12 months 24 months
Music videos 18 months 18 months
Video games 48 months 48 months
Audiovisual production for
advertising
18 months 18 months
POST-PRODUCTION ONLY 18 months
ANIMATION 48 months
Note: The execution times apply regardless of the number of works to
be produced.
AUDIOVISUAL
PROJECT
PRODUCTION
ONLY
PRODUCTION AND
POST-PRODUCTION
2 3
EVALUATION APPROVAL
10 working days Annual CPFC schedule.
COLOMBIA FILMING
CONTRACT TRUST SET UP
4 5
6
20 working days 3 months
EXECUTION AND PRODUCTION
According to the audiovisual project type
7 8
ACCREDITATION
3 months
B.
The in-country spending budget for audiovisual services
and logistical audiovisual services is determined, together
with the maximum FFC/CINA reimbursement amount.
C.
The signing of the Colombia Filming Contract is ordered.
A.
CPFC Decision.
1. Verification of fulfillment of the
application requirements.
2. When necessary, documents or content
are requested to be fleshed out.
3. A report verifying that the requirements have
been met and the relevance of the project to the
CPFC is issued.
4. Project authorization declaration.
A.
The applicant producer must sign
the Colombia Filming Contract with
Proimágenes.
B.
The producer must set up a trust
for the management and payments
of the budget.
The applicant producer is responsible for: Project execution deadlines
Fulfilling the general obligations and other related
obligations.
Including credits for public screening and
communication.
Carrying out the filming activities for the project in
Colombia, along with production or post-production work.
Contracting the relevant audiovisual and logistical
services.
Spending the established minimum amount.
Submitting compliance accreditations in a timely
manner.
The producer must carry out and submit:
Certification issued by the external auditor.
A request for the reimbursement of the FFC or
CINA.
In the case of foreign audiovisual works, certification
issued by the film production service company.
Certification issued by the trust entity.
1. Proimágenes will reimburse the
FFC amount
CINA ISSUANCE
FFC REIMBURSEMENT
FFC
CINA
1. Proimágenes will issue the
certificate of authorization.
2. The producer must make a
payment to cover administrative
costs, equal to five per cent (5%)
of the nominal value of the CINA.
3. The Ministry of Culture will issue
the CINA.
2 months
Kill Chain

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Audiovisual incentives

  • 1. LIGHTS, CAMERA, COLOMBIA! Handbook of incentives for the audiovisual sector Law 1556 of 2012 Jungle
  • 2. PROIMÁGENES COLOMBIA Claudia Triana de Vargas Director Silvia Echeverri Botero Promotion and Film Commission Director Andrea Afanador Llach FDC Programs Director Juliana Ortiz García Planning and Projects Director Yolanda Aponte Melo Administrative and Finance Director Mateo Londoño Rueda Legal Director Omar Sandoval Vargas Communications Adviser PROIMÁGENES COLOMBIA – PROMOTION AND FILM COMMISSION Silvia Echeverri Botero Director Manuela Jaramillo Mejía Promotion and Film Commission Executive Tatiana Ucrós Acevedo Promotion and Film Commission Coordinator Andrés Jiménez Suárez Promotion and Film Commission Coordinator Laura Huertas Sastoque Information Adviser COLOMBIAN FILM PROMOTION COMMITTEE – CPFC Julián Guerrero Orozco Vice Minister of Tourism Ministry of Commerce, Industry and Tourism Felipe Buitrago Restrepo Vice Minister of Creativity and Orange Economy Ministry of Culture Flavia Santoro Trujillo Procolombia President Mauricio Reina Echeverri Delegate of the President of the Republic of Colombia Jaime Abello Banfi Delegate of the President of the Republic of Colombia Alina Hleap Borrero Producer´s Representative – CNACC Jaime Tenorio Tascón Audiovisual, Film and Interactive Media Office Director Ministry of Culture Claudia Triana de Vargas Proimágenes Colombia Director EDITORIAL COMMITTEE Manuela Jaramillo Mejía Editorial Coordination Lado B Investigation and Editorial Coordination Texts Javier Machicado Villamizar José David Caucali Camila Ivana Vargas Vanessa Vivas Omar Sandoval Concept and Design Lingua Viva Traductores Translation
  • 3. LAW 1556 PRODUCING IN COLOMBIA CONTENTS 1 p.5 p.4 p.8 p.21 p.24 3 2 4 IMPLEMENTATION STAGES FREQUENTLY ASKED QUESTIONS GLOSSARY
  • 4. 4 PRODUCING IN COLOMBIA Colombia has one of the most structured film promotion policies inthe region. The Ministry of Culture has programs to strengthen the procecesses of film creation, production, research and preservation. Since the year 2003 and the implemetation of Law 814, the country has Film Development Fund -FDC (managed by Proimagenes Colombia) and a tax shlelter for colombian donors and investors in national projects. Nowadays, around 50 feature films and 100 short films are produced per year in Colombia. The Colombian Film Commission, a program from Proimágenes Colombia, has promoted the country as a destination for audiovisual production over the last 12 years through specific financial incentives that has enhanced the skills of the workforce in the sector. Since the passage of Law 1556 in 2012, Colombia has become one of the leading destinations for audiovisual production in South America and was the shooting location for 34 productions that have benefited from incentives of the law and employed over 25,000 people. The scope of the scheme was expanded in 2020; the benefits of Law 1556 will be extended until 2032, broadening the types of projects that can access them and establishing a new incentive for audiovisual production.
  • 6. 6 Law 1556 of 2012 , which forms part of the legislation to promote the film and audiovisual industry in Colombia, establishes two incentives that promote Colombia as a destination and setting for the production of: Colombian Film Fund (FFC) rebate: a cash rebate equivalent to 40% of the money spent on audiovisual services and 20% of the money spent on logistical services (hotels, catering and transport) hired with Colombian natural or legal persons. The FFC funds are allocated each year in the Colombian government’s general budget. Audiovisual Investment in Colombia Certificates (CINA): tax rebate with a value equal to 35% of the money spent by non- national audiovisual projects on audiovisual services and logistical services (hotels, catering and transport) hired with Colombian natural or legal persons and can be transferred to income tax filers in Colombia. The CINAs are marketable on the stock exchange. The maximum amount that can be awarded through CINAs is set each year by the Colombian Film Promotion Committee (CPFC). FFC CINA Incentives film works TV series music videos video games audiovisual production for advertising
  • 7. 7 Note: Projects can be animated or include animation elements. Production stages covered by the incentives In the case of non-Colombian projects, the application can be made through a proxy in Colombia who will take part in the project as a film services company or Colombian co-producer. CINA CINA CINA Non-Colombian projects · Film works · TV series · Music videos 1. Production. 2. Post-production. FFC FFC FFC Colombian projects · Video games · Audiovisual production for advertising 3. Post-producción Note: : In the case of video games, the development of the prototype is covered. Note: Projects only involving post- production cannot be put forward. Audiovisual projects that can access the incentives Audiovisual project types In both cases, applicants must be the producer of the audiovisual project.
  • 9. 9 EVALUATION COLOMBIA FILMING CONTRACT EXECUTION AND PRODUCTION REIMBURSEMENT/ ISSUANCE APPROVALAPPLICATION TRUST SET UP ACCREDITATION 1. 3. 5. 7. 2. 4. 6. 8. INCENTIVE IMPLEMENTATION STAGES
  • 10. 10 APPLICATION 1 1. Application form. 2. ID of the legal representative. 3. Certificate of incorporation and le- gal representation for the production company. 4. Description of the production company. 5. Certification of non-application for another mechanism benefiting the audiovisual industry in Colombia. CINA FFC Requirements according to project type CINA a. Synopsis b. Script c. List of locations d. Technical sheet e. Total value f. Detailed schedule g. Monthly projection of expenses subject to CINA Animation projects must include: a. Animation bible b. Production breakdown FFC 1. FILM WORKS OF FICTION, DOCUMENTARIES AND ANIMATION 6. Certification that the producer is not a Colombian taxpayer. Applicant producer requirements An open call available to producers.
  • 11. 11 CINA CINA a. Synopsis b. Number of episodes c. Scripts for the first two episodes and a series development plan d. List of locations e. Technical sheet f. Total value g. Detailed schedule a. Synopsis b. Number of episodes c. Project bible d. List of locations e. Technical sheet f. Total value g. Detailed schedule h. Monthly projection of expenses subject to CINA h. Monthly projection of expenses subject to CINA Animation projects must include: a. Animation bible b. Production breakdown FFC FFC 2.2 REALITY OR NON-SCRIPTED SERIES AND SHORT WEB SERIES (ONLY APPLIES TO CINA) 2. TV SERIES 2.1 FICTION, DOCUMENTARY AND ANIMATED SERIES
  • 12. 12 CINACINA a. Synopsis b. Visual concept or treatment c. List of locations d. Technical sheet e. Total value f. Detailed schedule g. Song lyrics a. Pitch bible b. Game design document c. Technical sheet d. Total value e. Detailed schedule f. Monthly projection of expenses subject to CINA h. Monthly projection of expenses subject to CINA Note: The above requirements apply to every music video that forms part of the proposed package. Note: The above requirements apply to every video game that forms part of the proposed package. FFC 3. MUSIC VIDEOS 4. VIDEO GAMES
  • 13. 13 CINA CINA a. Synopsis b. Story line c. List of locations d. Technical sheet e. Total value f. Detailed schedule g. Monthly projection of expenses subject to CINA a. Synopsis b. Detailed description c. Total value d. Detailed description of the post-production processes to be carried out in Colombia e. Colombian companies involved in the post-production process f. Detailed schedule g. Monthly projection of expenses subject to CINA Note: The above requirements apply to every piece that forms part of the proposed package. 5. AUDIOVISUAL PRODUCTION FOR ADVERTISING 6. WORKS ONLY WITH POSTPRODUCTION IN COLOMBIA
  • 14. 14 For 1 film work. FILM WORKS CINA FFC Budget and minimum spending requirements Total budget for expenditure in Colombia Expenditure budget eligible for FFC/CINA Engagement letter from the colombian film services company or national co-producer. Project financing plan Bid Bond deposit in the amount of 40SMLMV (current monthly legal minimum wage in Colombia) (USD 10.000*) All projects require minimum spending of This amount can be distributed in the following way, depending on the project to be carried out and the incentive being applied for: 1.800 SMLMV (current monthly legal minimum wage)** The minimum spending for projects that only involve the post- production stage is 360 SMLMV (USD 95.000*) per project. ** USD 475.000 approx.
  • 15. 15 Can be distributed through up to 4 episodes (USD 118.750 per episode*). · For short web series, the spending can be distributed through up to 20 episodes (USD 23.750 per episode*). · When total spending exceeds 9.000 SMLVM (USD 2.375.000*) there are no restrictions on the number of episodes. Can be distributed through up to 5 videos (USD 95.000 per video*). Can be distributed through up to 5 works (USD 95.000 por work*). Note: At least eighty per cent (80%) of this spending must be on audiovisual services. Minimum spending of 360 SMLMV (USD 95.000*) for 1 project. Can be distributed through up to 5 video games (USD 95.000 per video game*). Can be distributed through up to 20 videos (USD 23.750 per video*). CINA CINA CINA TV SERIES VIDEO GAMES POST-PRODUCTION PROJECT AUDIOVISUAL PRODUCTION FOR ADVERTISING MUSIC VIDEOS FFC FFC CINA CINA * Approximate average value in dollars
  • 16. 16 The project evaluation process is conducted by Proimágenes over the following stages: 2 3 1. Verification of fulfillment of the application requirements. 2. When necessary, documents or content are requested to be fleshed out. 3. A report verifying that the requirements have been met and the relevance of the project to the CPFC is issued. 4. Project authorization declaration. A. The CPFC will decide if projects are approved or rejected for reasons related to the fulfilment of the aims of Law 1556 (promoting Colombia for audiovisual filming, developing the Colombian film industry, and boosting tourist activity and the country’s image). B. Following approval from the CPFC for a project, the in-country spending budget for audiovisual services and logistical audiovisual services is determined, together with the maximum FFC/CINA reimbursement amount. C. The signing of the Colombia Filming Contract is ordered. EVALUATION APPROVAL 10 working days Annual CPFC schedule.
  • 17. 17 A. The applicant producer must sign the Colombian Filming Contract with Proimágenes within a maximum period of twenty (20) days following the approval of the project. COLOMBIA FILMING CONTRACT 4 5 6 B. The producer must set up a trust for the management and payments of the budget within a period of three (3) months following the signing of the Colombia Filming Contract. 20 working days TRUST SET UP EXECUTION AND PRODUCTION 3 months According to the audiovisual project type Film works 9 months 18 months Series 12 months 24 months Music videos 18 months 18 months Video games 48 months 48 months Audiovisual production for advertising 18 months 18 months POST-PRODUCTION ONLY 18 months ANIMATION 48 months Note: The execution times apply regardless of the number of works to be produced. AUDIOVISUAL PROJECT PRODUCTION ONLY Project execution deadlines PRODUCTION AND POST-PRODUCTION
  • 18. 18 General obligations of the applicant producer Note: The producer and Proimágenes Colombia will establish the specific compliance parameters for these obligations. 1. Allowing images from the work to be used for cultural purposes. 2. Agreeing that the Colombian Film Commission can hold a press conference. 3. Ensuring collaboration in the relationship with the Colombian and international media to market the Colombian Film Commission and the country. 4. Arranging for government representatives to visit the set. 5. Submitting a list of locations. 6. Submitting a list of contact details for the Colombian members of the artistic and technical team. 7. Providing photos of the production. 8. Providing photos of each department head. 9. Providing testimonials from the members of the international technical and artistic teams. 10. Not assigning the contract to a third party. 11. Ensuring that a non-local crew member attends a question- and-answer session with local industry and/or students. The applicant producer is responsible for: Fulfilling the general obligations and other related obligations. Including credits for public screening and communication. Carrying out the filming activities for the project in Colombia, along with production or post-production work. Contracting the relevant audiovisual and logistical services. Spending the established minimum amount. Submitting compliance accreditations in a timely manner.
  • 19. 19 The producer must carry out and submit: 1. Proimágenes will reimburse the FFC amount within the two (2) months following satisfactory receipt of all the required accreditations. CINA ISSUANCE FFC REIMBURSEMENT 7 8 FFC CINA 1. Proimágenes will issue the certificate of authorization to the Ministry of Culture within a maximum period of fifteen (15) days following satisfactory receipt of all the required accreditations. 2. The producer must make a payment to cover administrative costs, equal to five per cent (5%) of the nominal value of the CINA, minus the amount corresponding to the bid bond deposit made. 3. The Ministry of Culture will issue the CINA in the producer’s name within fifteen (15) days. Nota: The audiovisual project can receive the first CINA once the minimum spending requirements in the country laid down in the Resource Allocation Manual have been met. Certification issued by the external auditor. A request for the reimbursement of the FFC or CINA. In the case of foreign audiovisual works, certification issued by the film production service company. Certification issued by the trust entity. ACCREDITATION 3 months 2 months
  • 20. Budget Total amount Amount (USD) Total spending budget in Colombia A+B+C 1.200.000 Spending budget subject to remuneration A+B 1.000.000 * Percentage of the CINA benefit before its sale, subject to a discount rate in the market. Total spending budget in Colombia Total amount Amount (USD) % of incentive Amount (USD) % of incentive Amount (USD) Spending budget on audiovisual services in Colombia A 750.000 40% 300.000 35% 262.500 Spending budget on logistical services in Colombia B 250.000 20% 50.000 35% 87.500 Other expenses in Colombia not subject to the incentives C 200.000 (-) Administrative expenses (5% of the incentive) N/A (17.500) FFC / CINA incentive amount: 350.000 332.500 Approximate percentage of the FFC/CINA incentives in relation to the total spending subject to remuneration 35% 33,3%* FFC CINA An example of the benefits to be received according to the incentive being applied for FFC/CINA). Value simulation of the FFC/CINA incentives
  • 22. 22 Can both the FFC and the CINA incentive be obtained with the same audiovisual project? No, these incentives are mutually exclusive. Audiovisual projects can only apply for and benefit from one of the incentives. Audiovisual projects that are already involved in an active application process cannot be put forward, and neither can projects that benefit from Law 1556 of 2012 or the incentives provided for by Law 814 of 2003 (deductions for investors or donors or incentives from the Film Development Fund). Is there a timetable with specific dates for applying for the incentives? The call is open all year. However, projects are submitted and approved until limits are reached: the amount of funds available in the case of the FFC, and the funding quota in the case of the CINA. The FFC’s share of the resources is determined by the Colombian government in the country’s general budget, and the CINA amount is approved by the CPFC. Does the producer need to be the owner of the proprietary rights of the work? The producer who coordinates, has the idea and is responsible for the audiovisual work is the person responsible for entering Does the film services company need to be the co-producer of the audiovisual project? No, the film services company does not have to be the co-producer of the project. In the case of non-Colombian projects, audiovisual services must be contracted through the film services company specified in the project application, without the need for it to be the project co- producer. For their part, Colombian co-productions can apply for any of the incentives, but the CINA benefit only applies to the component of spending on the provision of audiovisual and logistics services financed with foreign resources. 1. 2. 3. 4. into contracts with the individuals and organizations involved in producing the work. Under Colombian law, the proprietary rights over cinematographic work are recognized in favor of producers, unless stipulated otherwise. Does the producer of the audiovisual project need to be legally established in order to participate? Yes. The incentives are aimed at legal persons or their foreign equivalent. The CINA only applies for works by foreign producers who are not Colombian income tax payers. 5.
  • 23. 23 Are there any restrictions if the applicant foreign producer has subsidiaries in Colombia? No. The applicant foreign producer can have subsidiaries in Colombia, which can be hired as the film services company if they are legally established legal persons and have been entered in the Colombian Ministry of Culture’s register of film service providers, and if their corporate purpose includes the provision of film services. https://www.mincultura.gov.co/areas/cinematografia/Paginas/ Servicios-Cinematografico.aspx Which expenses are not covered by the incentives? The incentives do not cover trust expenses, auditing, purchases of goods, or expenses that are not part of audiovisual services or logistical services provided by Colombian natural or legal persons, as defined by the Resource Allocation Manual. All expenses will be covered, provided that they meet the definition of audiovisual services or logistical audiovisual services. Are there costs in applying for the incentives? When putting forward audiovisual projects, a bid bond deposit totaling forty (40) SMVLM (USD 10.000*) must be paid as a commitment to fulfilling the obligations assumed by the producer. In the event of an audiovisual project not being approved, the bid bond deposit amount will be reimbursed to the producer. In the case of the CINA, the producer must deposit an amount equal to 5% of the face value of the CINA when submitting the certifications for the certificate to be issued. The bid bond deposit amount paid upon application will be deducted from this first amount. 7. 8.6. Who can I sell the CINA to? The CINA can be sold directly to natural or legal persons who are income tax payers in Colombia. Likewise, it can also be sold on the Colombian stock market. Income corresponding to the sale of CINA is not subject to withholding tax in the country, and nor does it represent taxable income in Colombia. 9. * Approximate average value in dollars
  • 25. 25 When ‘days’ are mentioned, they are understood as working days, meaning any day from Monday to Friday excluding public holidays in Colombia. Application of time limits Colombia Filming Contract A CPFC approved legal transaction that the applicant producer of the audiovisual project must enter into in order to regulate the terms for the allocation of the incentives. CPFC The Colombian Film Promotion Committee, a decision-making body responsible for the incentives of Law 1556 of 2012. Management Organization This refers to Proimágenes Colombia, which is in charge of managing the processes related to the CINAs and the FFC cash rebate and also operates as the Colombian Film Commission. https://www.proimagenescolombia.com — www.locationcolombia.com Film work The term “film work” denotes the elements that come together to form it, and that represent an art object of cinematographic language, a set of images in movement with or without sound and a material medium that enables them to be recorded.
  • 26. 26 An audiovisual production that is primarily intended to entertain or inform through dialog but without a script (such as reality shows, games programs or awards ceremonies). Audiovisual work with the strict purpose of marketing goods, products, brands or services, among others. Short series are short-term series with a typical duration of between two and five episodes. They are characterized by having a previously determined number of episodes, and by following a story line that unfolds over the course of the series. Work that involves foreign financial participation. Non-scripted work Audiovisual production for advertising Short series or short web series Non-national audiovisual work Fiction, documentary or any other audiovisual work approved by the CPFC, which is broadcast or communicated to the public by episodes. This includes reality shows and non-scripted works. Series National or nationally co-produced cinematographic work is considered that fulfills the economic, technical and artistic criteria laid down in Law 397 of 1997 and Decree 1080 of 2015. National or nationally co-produced film work
  • 27. 27 Hotel, catering and transport-related items that are required as part of the cinematographic or audiovisual project. The current monthly legal minimum wage in Colombia, which is updated each year. An audiovisual work that consists of an interactive application that leads to an experience that allows for interaction with the elements contained within said application, through the use of audiovisual and software tools. An audiovisual work that essentially aims to represent an artist or piece of music. This does not include the recording of concerts but it can incorporate images from recorded concerts. Film or audiovisual logistical services SMLMV Video game Music video Film or audiovisual services Specialized activities in the pre-production, production and post-production of film or audiovisual works, including artistic and technical services provided by Colombian natural or legal persons domiciled or resident in the country.
  • 28. INCENTIVE IMPLEMENTATION STAGES FOR THE AUDIOVISUAL SECTOR LAW 1556 OF 2012 1APPLICATION An open call available to producers. APPLICANT PRODUCER REQUIREMENTS REQUIREMENTS ACCORDING TO PROJECT TYPE 1. Film works of fiction, documentaries and animation 2.1 Fiction, documentary and animated series 2. TV Series 2.2 Realities or non-scripted series and short web series (only applies to CINA) 3. Music Videos 4. Videogames a. Pitch bible b. Game design document c. Technical sheet d. Total value e. Detailed schedule f. Monthly projection of expenses subject to CINA Note: Requirements apply to every video game. CINA a. Synopsis b. Script c. List of locations d. Technical sheet e. Total value f. Detailed schedule g. Monthly projection of expenses subject to CINA Animation projects must include: a. Animation bible Animation projects must include: a. Animation bible a. Synopsis b. Number of episodes c. Scripts for the first two episodes and a series development plan d. List of locations e. Technical sheet f. Total value g. Detailed schedule h. Monthly projection of expenses subject to CINA a. Synopsis b. Number of episodes c. Project bible d. List of locations e. Technical sheet f. Total value g. Detailed schedule h. Monthly projection of expenses subject to CINA a. Synopsis b. Visual concept or treatment of the project c. List of locations d. Technical sheet e. Total vaule f. Detailed schedule g. Song lyrics h. Monthly projection of expenses subject to CINA Note: Requirements apply to every music video. b. Production breakdown b. Production breakdown 5. Audiovisual production for advertising a. Synopsis b. Story line c. List of locations d. Technical sheet e. Total value f. Detailed schedule g. Monthly projection of expenses subject to CINA Note: Requirements apply to every piece. 6. Works only with postproduction in Colombia a. Synopsis b. Detailed description c. Total value d. Detailed description of the post- production processes to be carried out in Colombia e. Colombian companies involved in the post-production process f. Detailed schedule g. Monthly projection of expenses subject to CINA FFC INSTRUCTIONS BUDGET AND MINIMUM SPENDING REQUIREMENTS All projects require minimum spending of 1.800 SMLMV * The minimum spending for projects that only involve the post-production stage is 360 SMLMV (USD 95.000) per project. * USD 475.000 approx. Film works TV Series Music videos · For short web series, the spending can be distributed through up to 20 episodes. · When total spending exceeds 9.000 SMLVM (USD 2.375.000) there are no restrictions on the number of episodes. Can be distributed through up to 5 videos. Can be distributed through up to 5 video games. Minimum spending of 360 SMLMV (USD 95.000) for 1 project. Can be distributed through up to 5 works. Note: At least eighty per cent (80%) of this spending must be on audiovisual services. Can be distributed through up to 20videos. FFC FFC CINA CINA CINA CINA CINA CINA Video games Post-production project Audiovisual production for advertising For 1 film work. Can be distributed through up to 4 episodes. FFC For more information about documents and requirements you can check the Resource Allocation Manual of incentives for the audiovisual sector Law 1556 of 2012 Total budget for expenditure in Colombia Expenditure budget eligible for FFC/CINA Engagement letter from the colombian film services company or national co-producer. Project financing plan Bid Bond deposit in the amount of 40SMLMV (USD 10.000) 6. Certification that the producer is not a Colom- bian taxpayer. CINA 1. Application form. 2. ID of the legal representative. 3. Certificate of incorporation and legal representation for the production company. 4. Description of the production company. 5. Certification of non-application for another mechanism benefiting the au- diovisual industry in Colombia. FFC
  • 29. Film works 9 months 18 months Series 12 months 24 months Music videos 18 months 18 months Video games 48 months 48 months Audiovisual production for advertising 18 months 18 months POST-PRODUCTION ONLY 18 months ANIMATION 48 months Note: The execution times apply regardless of the number of works to be produced. AUDIOVISUAL PROJECT PRODUCTION ONLY PRODUCTION AND POST-PRODUCTION 2 3 EVALUATION APPROVAL 10 working days Annual CPFC schedule. COLOMBIA FILMING CONTRACT TRUST SET UP 4 5 6 20 working days 3 months EXECUTION AND PRODUCTION According to the audiovisual project type 7 8 ACCREDITATION 3 months B. The in-country spending budget for audiovisual services and logistical audiovisual services is determined, together with the maximum FFC/CINA reimbursement amount. C. The signing of the Colombia Filming Contract is ordered. A. CPFC Decision. 1. Verification of fulfillment of the application requirements. 2. When necessary, documents or content are requested to be fleshed out. 3. A report verifying that the requirements have been met and the relevance of the project to the CPFC is issued. 4. Project authorization declaration. A. The applicant producer must sign the Colombia Filming Contract with Proimágenes. B. The producer must set up a trust for the management and payments of the budget. The applicant producer is responsible for: Project execution deadlines Fulfilling the general obligations and other related obligations. Including credits for public screening and communication. Carrying out the filming activities for the project in Colombia, along with production or post-production work. Contracting the relevant audiovisual and logistical services. Spending the established minimum amount. Submitting compliance accreditations in a timely manner. The producer must carry out and submit: Certification issued by the external auditor. A request for the reimbursement of the FFC or CINA. In the case of foreign audiovisual works, certification issued by the film production service company. Certification issued by the trust entity. 1. Proimágenes will reimburse the FFC amount CINA ISSUANCE FFC REIMBURSEMENT FFC CINA 1. Proimágenes will issue the certificate of authorization. 2. The producer must make a payment to cover administrative costs, equal to five per cent (5%) of the nominal value of the CINA. 3. The Ministry of Culture will issue the CINA. 2 months