Providence Film Group (“PFG”) offers USCIS film projects to qualified foreign investors who want to work and live in the USA. The Designated Regional Center EB-5 Visa Program provides a direct route to obtain US green cards for these investors, their partners and their children who are under 21 years old.
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PFG acquires, develops, maintains and exploits a varied slate of scripted and unscripted filmed entertainment content, from full-length feature films destined for international cinema and television distribution to micro-niche short films made to run the international festival circuits, garnering full niche attention before returning to exhibition on PFG’s own associated XMG video streaming network for longer-term recoupment models.
Read MoreThe U.S. Tax Cuts & Jobs Act (“TCJA”) was passed by the United States Congress in December 2018. It allows for a full (100%) motion picture tax write-off (regulated by passive investments) through the Providence Film Group (“PFG”) until 2027.
Providence Film Group (“PFG”) is legally structured to partner with certain accredited foreign venture capitalists who wish to make an investment into the US film industry, which will lead to permanent U.S. residency under the EB-5 Immigrant Investor Visa program. The EB-5 program is administered by US Citizenship and Immigration Services (“USCIS”).
Qualified PFG investors receive an Executive Producer film (is this proposed or did you find this was standard?) credit on projects invested in, a return on their investment, a 100% US tax write-off and/or a US Green Card under the EB-5 Visa program.
Movie Production Incentives (“MPIs”) are tax benefits offered on a state-by-state basis throughout the United States to encourage in-state film production. These incentives came about in the 1990s in response to the flight of movie productions to other countries such as Canada.