Foreign film producers—especially those collaborating with Armenian production companies—can now recover up to 35% of their investments in film projects shot in Armenia. The government approved this initiative during a cabinet meeting.

According to Minister of Education, Science, Culture, and Sports Zhanna Andreasyan, the initiative aims to improve the investment environment in the film sector, boost co-productions, stimulate economic activity, and create new income sources, as reported by Armenpress.

The government noted growing international interest in Armenia’s film production sector and confirmed preliminary agreements with several global platforms to develop joint projects and shoot films in the country.

“Drawing from international experience, the partial return on investments is a proven mechanism for stimulating this industry. It’s widely used in many countries. We propose that foreign producers—including those in co-productions with Armenian counterparts—can apply to receive a refund of a portion of their expenses, provided the goods and services were procured from Armenian tax-paying companies or sole proprietors,” Andreasyan explained.

The standard rebate will be up to 25% of eligible expenses. However, an additional 10% can be granted if the film prominently features elements that promote Armenia internationally.

“This is not just about showing Armenian culture and values, but about explicitly showcasing today’s Armenia—its landscapes, towns, daily life, people, and identity. This is also aimed at enhancing tourism and the country’s global visibility,” she added.

Andreasyan said that memoranda of understanding are already signed with several international platforms, including Netflix, which could translate into tangible cooperation following the program’s launch.

Prime Minister Nikol Pashinyan emphasized that the rebate scheme also creates new opportunities for local producers.

“We must encourage our private sector players to find partners. This project enables local producers to engage in partnerships and treat the rebate as co-investment, empowering them to establish international collaborations,” said Pashinyan.