Korda Studios

Korda Studios is a state-of-art film studio complex located 30 km (18 miles) west of Budapest in the wine-making village of Etyek. The studio is named after Sir Alexander Korda, a Hungarian-born British film producer and director. Korda Studio fact sheet:

• • 6 state of the art sound stages on 15 000 sqm

• • One of the biggest soundstages in the world with an area of 6 000 sqm and net buildable height of 20m

• • More than 2 800 sqm of production accommodations

• • Nearly 7 000 sqm of warehouse and workshop areas

• • 15 hectares (37 acres) of empty backlot space suitable for set construction

• • 10 hectares of backlot sets: New York, Renaissance and Medieval

Korda Studios has 6 state of the art sound stages meeting the industry’s highest level of expectations:

• All stages are soundproof and allow for direct sound recording

• Built-in lighting and scenic bridges with rigging points are able to hold 500 kg per intersection points, and 200 kg per sections

• Silent ventilation and full climate control

• Independent and redundant high voltage power network

• Redundant fiber optic network (up to 10GB/s) and WIFI

• Fire detection and extinguishing system

• Remote controlled smoke extraction

• Attached dimmer and local storage rooms

• Direct access to production buildings

• Large elephant doors

The Hungarian tax incentive scheme

The Hungarian financial support system (Motion Picture Act and Corprate Tax Act) has two pillars: indirect state support (tax incentives for films and related projects) and direct state support (for local films or co-productions).

Only feature films, short films, documentaries, science, nature and animated films, made-for-TV movies and TV series are eligible.
Tax rebate is 30% (from July of 2018) of the eligible Hungarian spend.
Eligible spend includes all payments contained in the budget that were paid to a Hungarian taxpayer

• Direct pre/post and production expenses paid by the qualified Hungarian production

• Wages, above- and below-the-line, when paid by the qualified Hungarian production

• Financing costs, and administration, insurance, completion bond, accommodation, etc. costs

Items excluded by the law are

• Indirect costs (eg. A&P) over 2% of the overall spend (max 17 kEUR)

• Costs incurred after the master print (distribution)

• Royalties are limited to 4% of the Hungarian budget of the film

• Producers’ fees are limited to 4% of the Hungarian budget of the film

Up to 25% of the eligible spend can be foreign spend which also qualifies for the 30% (from July of 2018)  tax rebate.
Total state subsidies shall not exceed 50% of the production budget, or in case of

• Co-productions 60% (from 2014.0625.) of the Hungarian contribution in case another European Economic Area member state’s registered film production company participates in the co-production

• Co-productions 100% (from 2014.06.25) of the Hungarian contribution in case another OECD member state’s registered film production company participates in the co-production

• Low-budget films and films produced in Hungarian language the extent of subsidies is 100% (from 2014.06.25)

• Documentaries, animation, shorts, experimental films etc. 100%

The tax rebate is a non-recourse, non-repayable and non-recoupable cash rebate.