Film producers using Pinewood Iskandar Malaysia Studios can access Malaysia’s new 30% production incentive
Films produced or filmed in Malaysia will receive a rebate of 30% of the cost of production.
“For every RM5 million spent, there will be a rebate of 30% to the film maker. Local film makers who spend RM2.5 million will also be able to enjoy the 30% return,” confirmed Information Communications and Culture Minister Datuk Seri Dr Rais Yatim.
Alongside the development of Pinewood Iskandar Malaysia Studios, a state of the art facility opening in Spring 2013, this competitive film incentives framework greatly strengthens Malaysia’s offering to foreign and local filmmakers. The initiative was proposed by Prime Minister, Datuk Seri Najib Razak, and approved at the National Economic Advisory Council (NEAC) meeting last week.
Pinewood Iskandar Malaysia Studios:
Strategically positioned at the heart of Southeast Asia, the studios are located in the state of Johor in the flagship development of Iskandar Malaysia. With a range of stunning and diverse locations conveniently accessible from the Studios and the nearby production support hub of Media@Medini – Pinewood Iskandar Malaysia Studios will be the new destination for the production of filmed entertainment in the Asian region.
The fully integrated production facility will comprise of over 100,000 sq ft of television and film sound stages, workshops, office spaces and production suites. Upon its completion in 2013, it will be the largest independent integrated studio facility in South-East Asia.