Recent Productions

Contact informationscontact us using the form on the right or using one of the following contact details below

+36 (20) 9999 - 129

We are a full service film production company

Recent Productions

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Filming

Providing full scale of goods and services to deliver the highest quality production to our clients. State-of-the-art Studios, equipment and crew.

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0202

Animation & VFX

Offering to produce 2D, 2.5D or 3D animated films. We may provide the Visual Effects for any aspect of the productions. Even cross-over

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0303

Post Production

We may service through all the phases of the Post Production until delivery.

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We are shooting all across Hungary

Diverse locations with unlimited opportunities on every day of the year

Tax rebate

Nature

Locations

Urban

Locations

Period

Locations

Hungarian Tax Rebate for Film Productions (30%)

Films (for cinema and television) produced in Hungary are eligible for a 30% rebate based on their expenditure (all the direct film production costs) emerged in the country.

The scheme is part of the film support programme approved by the European Commission until 31st of December 2019 with a budget of EUR 402 million. The incentive is available through local business companies who receive tax relief after their support of films or through the Collection Account operated by the Hungarian National Film Fund. The incentive is guaranteed by the Hungarian state through the Collection Account.The financial support is provided in the form of a cash refund (post-financing).The incentive is up to 25% of the eligible production expense (Hungarian or not-Hungarian). The non-Hungarian eligible spend is capped at 25% of the Hungarian eligible spend.

What productions can benefit?

Films of all genres made for cinema release
Feature films, series, documentaries and animations made for televisions or other distribution platforms
Porn and extreme violent films, commercials, reality shows and daily soap operas and scripted realities are excluded

Cultural test

Films applying for the incentive have to be submitted to a cultural test
Films must contain European content or cultural values and additional points are granted if EU nationals are either making or financing the movie (point system)
16 points has to be earned to pass

Registration of company and production

Hungarian companies, registered with the National Film Office (NFO) are eligible to apply
Foreign companies should conclude coproduction or service agreements with Hungarian registered company
Start of filming has to be reported to NFO

Who provides the financial support?

Corporate
tax
paying domestic companies that may reduce their tax payable and tax base by the financial support they provide (double write
off)
a maximum of 7,5% incentive available
The financial support is provided in the form of a cash refund (post
financing)
Film producing companies can request the support from the collection account of the Hungarian National Film Fund (it may charge a maximum administration fee equal to 2.5% of the subsidy granted)

Eligible expenses

All the direct film production costs are eligible except those excluded by the film law; other costs are limited by the law (see below)
The producer is free to spend 20% of the budget outside Hungary without suffering a reduction in the amount of the incentive. This means that not only the spend made to Hungarian taxpayers will qualify, but also some of the services provided by foreign taxpayers
up to 20% of the total production budget (consequently 31,25% of the Hungarian spend will be refunded)

Excluded or limited costs

Part of copyright costs over 4% of the budget
Travel costs are limited to trips from and to Hungary, stopover possible
P&A is limited up to 2% of the budget (but max 10m HUF)
Cost of services delivered by non
Hungarian sub
contractors limited up to 25% of eligible Hungarian spend.
Producersʼ fee maximum up to 4%
expenses, where date of the certificate of completion falls out of the production period or it is issued later than 3 months from the end date, are excluded
any expenses settled by compensation (products or services) have to be excluded
any costs related to a film produced about an event, are limited to the expenses incurred regarding the production, and not the event. If costs cannot be separated, all expenses should be excluded

How much is the incentive?

Up to 25% of the eligible production expense (Hungarian or not
Hungarian)
The non
Hungarian eligible spend is capped at 25% of the Hungarian eligible spend

Aid intensity provisions to take into account

Total state subsidies shall not exceed 50% of the production budget, or
in case of co
productions 50% of the Hungarian contribution or 60% of the Hungarian contribution if the co
production involves a co
producer from another EEA Member State too
in case of low
budget films, “difficult” audiovisual works and films produced in Hungarian language the extent of subsidies is 100% of the budget or the Hungarian contribution
in case of documentaries, animation, shorts, experimental films etc.
100% of the budget or the Hungarian contribution

Other advantages

Experienced crews
Languages spoken
Well equipped new studios – sound stages
Variety of filming locations
Post
production facilities and expertise

Is pre-financing possible?

Certain banks are willing to pre
finance state subsidies and VAT
Depending on the bank and the individual contract they keep a percentage from the 25% (meaning the actual rebate will be about 20%)
Deal with NFO for monthly or quarterly accounting

We are a full-service film production company based in Budapest, founded in 2018.

We are a team of four with countless years of experience working together in film productions, commercials, music videos. And the list still on the rise. It was the beginning of 2018 when we came to the decision to establish Admiral Film with aim to provide the best service possible to our clients coming to Hungary.