The National Film Development Corp. of Malaysia unveiled a new production incentive rebate the last week’s MIPTV market in France. Mohd Naguib, director general of Malaysia’s N.F.D.C. announced that this new rebate will apply to both local film producers and foreign entities using the country as a location for production and post-production work.
The incentive is available for feature films, animation, TV projects, commercials and documentaries will be eligible for a 30% cash rebate on audited in-country expenses. The Film in Malaysia Production Incentive Rebate will be effective from January 2013.
“Any production that comes to Malaysia and qualifies for the minimum $2.5 million budget is eligible for this rebate,” Naguib told Animag. “In the next three months, we will come up with a comprehensive guideline. That way producers can apply for pre-approval for their projects in advance.”
(Left to Right) N. Balaraman, Director of Planning & Research of FINAS; Kazumasa Iida, Head of CoProductions & Acquisition of NHK Enterprises(Left to Right) Syazli Muhd Khiar, Assistant Director of Marketing & Promotion of FINAS; Low Huoi Seong, Managing Director of Vision Animation; David Ellender, Global CEO of FremantleMedia Enterprises; N. Balaraman, Director of Planning & Research of FINAS; Ganesh Rajaram, Vice President of FremantleMedia Enterprises; Farid K. Ahmad, Executive Director of Worldwide Rights Corporation; Paul Ridley, EVP International of FremantleMedia Enterprises(Left to Right) N. Balaraman, Director of Planning & Research of FINAS; Michael Lake, CEO of Pinewood Iskandar Malaysia Studios; Desmond Ngai, Manager of MDeC; Mark Rowland, Chairman of C21 Media; Dato’ Mahyidin Mustakim, CEO of Creative Content Association of Malaysia(Left to Right) N. Balaraman, Director of Planning & Research of FINAS; Chris Oliver, Senior Manager – State & Industry Partnerships of Screen Australia(Left to Right) Ahmad Fuaad Kenali, CFO-Finance of Astro Malaysia Holdings; Hisham Mokhtar, Director-Investments of Khazanah Nasional; Michael Lake, CEO of Pinewood Iskandar Malaysia Studios; Leon Tan, CEO of Tripod Entertainment; CJ See, Marketing Director of Inspidea; Saifulbahri Hassan, VP of MAVCAP; Jamaludin Bujang, CEO of MAVCAP(Left to Right) Adam Ham, Executive Director of GCMA; Sharifah Hendon, EVP of Spacetoon Media Hub; Dato’ Mahyidin Mustakim, CEO of Creative Content Association of Malaysia; Fayez Al Sabagh, SVP of Spacetoon Media Hub; Zainir Aminullah, SVP of Astro Overseas Limited; Jon Ozcan Omural, VP - Business Development of Everest International Distribution(Left to Right) Adam Ham, Executive Director of GCMA; Daniel Hawes, CEO of March Entertainment; Jyotirmoy Saha, CEO of August Media Holdings
