Mongolia has entered the race to attract big-budget productions from around the world.

The Central Asian nation unveiled a range of competitive incentives in late August for domestic and international studios using Mongolia for their film and television production projects. The generous nature of the program is certain to make Mongolia a competitive territory in the global race to attract high-profile Hollywood shoots.

Mongolia’s new incentives include a 30% cash rebate for eligible film and television productions taking place in the country; an additional 10% cultural discount for projects that showcase Mongolian culture and heritage; a 5% incentive for foreign crews and talent; a 30% post-production incentive for approved projects that use a significant number of staff during post-production; and a 20% bonus for Mongolian productions or co-productions that promote the country and its culture. In total, the incentives can be taken separately or together for a total cumulative incentive of 45%.

The generous nature of the program seems likely to attract more big-budget projects to take advantage of Mongolia’s striking natural landscapes.

Nomin Chinbat, the Mongolian culture minister who led the effort to draft the legislation and garner support in the Mongolian parliament to get it approved, notes: “I am delighted that the parliament has acted and approved this new law. . We must now ensure that this initiative is launched in a way that demonstrates that we are serious about developing a world-class manufacturing sector in Mongolia.

The Mongolian Film Council and its various incentive programs will be launched and operational in January.

This story first appeared in the September 1 daily issue of The Hollywood Reporter at the Venice International Film Festival.