Italy × Hungary.

Structuring a Italy–Hungary co-production

Italy's 40% tax credit is the highest headline rate in Western Europe. Paired with Hungary, an Italy–Hungary structure can lift the blended return well above what either territory delivers alone.

The incentive stack

Italy's tax credit for international productions is worth up to 40% of qualifying Italian spend, subject to per-project caps, an executive-producer structure and a cultural eligibility test. Rome's Cinecittà adds major stage capacity and craft depth.

Worked example — a $10M budget

Indicative only. Real numbers depend on the qualifying-spend split, treaty status, caps and points tests in each territory. Regional uplifts and top-ups can raise the Italy figure further.

Locations: who shoots what

Rome, Naples, Tuscany and the Amalfi coast carry the Italian and Mediterranean exteriors; Hungary carries the large builds, Central European doubling and the water work.

How Dopamine runs it

As your Hungarian partner — Dopamine Ventures Kft. is a registered Hungarian company — we structure the Hungarian leg to 37.5%, run the cultural test, and coordinate with your Italy partner and its funding bodies so the two incentives are additive rather than in conflict. Through partner lenders and banks we can also arrange to monetize the Hungarian rebate upfront. Model this structure in the calculator →