Tamid Milan Discusses Film Production Incentives

(Newswire.net — September 21, 2016) Santa Monica, California — Russia has recently announced that it will launch film and TV production incentives in 2017. It will introduce tax rebate programs for both local and foreign productions in three regions across the nation. The Astrakhan region in South Russia, the Kaliningrad exclave in the northwest, and Primorsky Krai in the Far East will be the first three regions to offer these tax rebates to film crews shooting in these locations. Tamid Milan, a top producer who has put incredible effort into the film production business, talks about how incentives can benefit the film industry.

Tamid Milan has vast experience producing movies that offer excellent viewing experience to all age groups. His main passion is telling stories and producing quality movies that generate high revenue. A business-minded individual, Tamid ventured into business at an early age and has since created fifteen businesses, including jewelry stores, valet parking and commercial production. At age 30, Tamid founded a film production company with his partner and later sold it for higher profit. Now, Tamid focuses on creating films that will entertain all audiences. According to him, Russia’s recent move will greatly benefit homegrown shoots and independent productions from the United States and Europe. To learn more about his professional career, visit: https://www.crunchbase.com/person/tamid-milan.

Of course, not all production companies are expected to tap into this, adds Tamid, explaining that big Hollywood blockbusters will most likely not find it to be as appealing as smaller production companies do. However, it could actually pave the way to a larger national rebate system, which may create more advantages for the film industry in the coming years.The amount Russia earmarked to be spent on tax rebates in 2017 is only 60 million rubles or under $1 million. While this amount may seem really small, Tamid says that film production costs outside St. Petersburg and Moscow are extremely low, so if film crews were to shoot in any of the regions that offer the rebates, they might actually end up saving a lot of money.

According to Tamid, Russia’s introduction of film production incentives was inspired by the success of attracting the film series The Lord of the Rings to New Zealand. Several blockbuster hits followed The Lord of the Rings, which not only improved the country’s tourism industry but also its economy. The Russian government is hoping that film tax rebates will attract travelers and tourists to regions outside of the popular tourist destinations. Discover more about the source of inspiration for his projects by visiting: http://www.everipedia.com/tamid-milan.

To qualify for tax rebates, production companies will need to spend a percentage of their filming budget in the region, but the exact amount and other criteria are still being discussed and will be finalized by the end of the year.