Ursus Parvus Ursus Parvus

Production in Iceland

Bring your film to Iceland.

Iceland reimburses a share of the production costs you spend in the country, and Ursus Parvus is the local partner that makes the shoot, and the claim, run smoothly.

Estimate

What Iceland gives back.

Iceland reimburses 25% of the costs you spend in the country, rising to 35% for larger productions. Set your local spend to see the estimate.

$0 $10,000,000

Crew, cast, locations, services and facilities sourced locally all count toward the spend.

Estimated reimbursement 35%
$1,050,000

reimbursed after the shoot

Net Iceland spend $1,950,000

Estimate only. The 35% rate also requires at least 30 working days in Iceland (10 of them shooting) and 50 people employed locally. Final eligibility and rate are confirmed case by case.

01

Spend in Iceland

Costs incurred inside the country, from crew and cast to gear, travel and accommodation, form the eligible base.

02

We produce on the ground

Ursus Parvus line-produces: local crew, permits, locations, logistics and a registered Icelandic production entity.

03

Claim and reimburse

The reimbursement is filed after production and paid out, reducing the real cost of shooting in Iceland.

Two rates, one straightforward test.

25% Standard

Every eligible feature, series and documentary is reimbursed 25% of the costs it incurs in Iceland. No minimum spend, no day count.

35% Qualifying

Larger productions reach 35% when they meet all three conditions:

  • 01At least ISK 350 million spent in Iceland (about $2.5M / €2.35M).
  • 02At least 30 working days in Iceland, 10 of them shooting.
  • 03At least 50 people employed and taxed in Iceland.

Landscapes that read as cinema, a producer who knows the ground.

Glaciers, black sand, lava fields and long northern light, within a few hours' drive of a full crew base.

An experienced local producer with a decade of features and international co-productions behind her.

Established crew, vendor and location relationships across the country.

End-to-end handling of the incentive so the saving is real, not theoretical.

Good to know

What counts as eligible spend?

Costs incurred and taxed in Iceland: local crew and cast, services, facilities, locations, travel and accommodation inside the country.

When is it paid?

The reimbursement is filed after production wraps and paid out from the State Treasury, so it lowers the real cost rather than the cash flow up front.

Does it cover commercials or music videos?

No. The scheme is for feature films, television programmes and documentaries. Advertising and music videos are not eligible.

What does Ursus Parvus handle?

We line-produce on the ground and manage the application end to end, from the registered Icelandic entity to the final claim.