Spain × Hungary.
How to structure a Spain–Hungary film or TV co-production: stack Hungary's 30–37.5% cash rebate with Spain's incentives (30% mainland · up to 50% Canary Islands). Worked $10M example, location strategy and a calculator.
Structuring a Spain–Hungary co-production
Spain pairs naturally with Hungary on European stories. Mainland Spain rebates up to 30% of qualifying spend, and the Canary Islands reach up to 50% — one of the highest rates in Europe — making a Hungary–Canaries structure especially efficient.
The incentive stack
Mainland Spain offers up to 30%, the Basque Country runs a regional credit around 35% (higher for local-language work), and the Canary Islands reach up to 50% on qualifying regional spend. Layered against Hungary's 37.5%, a Spanish leg can push the blended return past 40%.
Worked example — a $10M budget
| Leg | Spend | Rate | Return |
|---|---|---|---|
| Hungary (60%) | $6,000,000 | 37.5% | $2,250,000 |
| Spain (40%) | $4,000,000 | 30% | $1,200,000 |
| Combined | $10,000,000 | 34.5% eff. | $3,450,000 |
Indicative only. Real numbers depend on the qualifying-spend split, treaty status and points tests in each territory. Bonuses and top-ups (e.g. Telefilm, regional funds, labor uplifts) can raise the Spain figure further.
Locations: who shoots what
Hungary provides the stages and Central-European looks; Spain adds Mediterranean coast, Moorish architecture, desert (Almería) and the volcanic landscapes of the Canaries. Between them you cover most of Europe and a convincing Middle East or Mars.
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 Spain partner and its funding bodies so the two incentives are additive rather than in conflict. And we can arrange to finance the Hungarian rebate upfront. Model this structure in the calculator →
Questions producers ask us
How does a Spain–Hungary co-production work?
What is the combined return on a Spain–Hungary structure?
Can Dopamine finance the Hungarian rebate upfront?
Related insights
Bring your production to Hungary.
Tell us the budget and territory. We'll model the rebate and plan the floor — and we can arrange to monetize the rebate upfront.
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