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Image.brussels mars 15
1.
2. • Set up in 2009 on the basis of an agreement between Brussels and Wallonia
• 1 “mixed” film -fund : Wallimage-Bruxellimage
• Investment budget : € 2 M a year + € 1 M a year for TV series
• Long feature, TV series, animated film, documentary feature film
• The goal is to create a structuring effect on audio-visual industry
• Some recent productions
3. • Selective scheme on the basis of 5 main criteria:
• The cultural nature of the project (at least 4 on 10 criteria)
• The structuring effect on the audiovisual sector in Brussels ad Wallonia
• The viability of the project and the return on investment for the fund
• The credibility of the producer and his team
• The available budget
• 3 sessions a year (see detailed agenda on www.bruxellimage.be)
• January
• April
• September
4. • The project has to be submitted in French or in Flemish* (*1 month before the deadline)
• But the film itself can be in any other language (need however 1 version dubbed and/or subtitled)
• Who can apply
• A private production company established in Belgium (no ASBL/VZW)
• Need to have a share on the copyright of the project
• You must already have at least 30% of the total funding for the project
5. • You can ask for an investment of 300,000 € max
• 60% in co-production giving a pro-rata access to the revenue (equity)
• 40 % as a loan
BUT possibility to reduce the loan proportion by increasing the regional expenditure
• + 5% expenditure = - 1% loan > 300 % reinvestment = 100 % equity
6. • You must spend
• at least 100,000 € in Brussels and 100,000 € in Wallonia (37,500 € for a documentary feature film)
• only audio-visuals expenses are eligible (hotels, transports, financials and overhead costs .. are excluded)
• 50 % has to be spent in Brussels and 50 % in Wallonia (maximum gap of 15% between the 2 Regions)
• It’s the fiscal address of the company / professional who matters
• 50 % of our investment is paid when the convention is signed
• With detailed cost estimates from suppliers as proof
• 30 % after justification of 60 % of the expenses
• 20 % after justification of the last 40 % of expenses
• Justifications must be presented at last 6 months after the copy 0
7. HOW TO COMBINE THE REGIONAL FILM FUND
WITH THE FAMOUS BELGIAN TAXSHELTER ?
8. Since Brussels and Walloon euros are (still) the same as Belgian euros,
and since Wallimage Bruxellimage is not working on a tax-scheme,
you can stack Tax-Shelter’s & Wallimage Bruxellimage’s expenditures
Belgian Euro Brussels or Walloon Euro
Can you see the difference between those two Euros ?