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Production services
The local production company carries out the shoot in the territory on behalf of another producer. The agreement defines the work, deliverables, budget and responsibilities. Providing production services does not, by itself, grant rights in the work or participation in its revenues.
Co-production
Several production companies share the work. Each makes contributions and acquires rights and obligations. The co-production agreement sets out how decisions are made. If official recognition as a co-production is sought, the applicable framework must be reviewed with specialist advisers.
SPV, PSA and AIE
An SPV (Special Purpose Vehicle) is an entity created for a specific project. An AIE (Spanish economic interest grouping, EIG) may organise production and its financing under its tax regime. A PSA (Production Services Agreement) governs a production services assignment. The corporate structure and the agreement can coexist. Bizkaia tax authority ↗
Why it matters for the incentive
The structure determines which entity incurs expenditure in the Basque Country, Spain and therefore who can claim the regional deduction and with what documentation. It should be defined before contracting begins.
How we decide
We start with ownership of rights, partners, financing, territories and the shooting plan, and finalise the structure with the parties’ legal and tax advisers.
