Pinewood Indomina Studios in Dominican Republic opens water tank facility
Pinewood Indomina Studios in the Dominican Republic has opened its new Horizon Water Tank. The 60,500-square-foot facility has a full diving and marine unit and the design was advised by Diving Services UK, which manages Pinewood’s London tank.
“The competitiveness of the Dominican Republic as a preferred film and TV production destination is a result of an array of the fiscal measures offered in the country,” commented Felipe Vicini, Chairman of Indomina's Board of Directors.
The competitiveness of the Dominican Republic as a preferred film and TV production destination is a result of an array of the fiscal measures offered in the country.
Felipe Vicini, Chairman of Indomina Board of Directors
“A key component is the powerful set of film incentives introduced in the Cinema Law,” Vicini added, “which allows film and TV content producers to partially finance their projects by obtaining a transferable tax credit worth 25% of the total eligible expenditures incurred by the Dominican-registered production entity.”
Pinewood Indomina Studios is scheduled to open in phases and the first stage facilities are due to become operational later this year. Dominican Republic President Danilo Medina officially opened the Horizon Water Tank and a sample scene was filmed to demonstrate the facility in action.
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