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Rovio May Migrate To Ireland
Rovio, the developer of the hugely successful Angry Birds, is considering moving it’s Finland based headquarters to Ireland.
According to the Irish Times Rovio’s co-founder and chief executive Mikael Hed said that the company’s turnover grew to €75 million ($94 million) last year from €10 million the previous year, and less than €1 million in 2009. It is likely the move would be to avail of Ireland’s low tax rates.
“This year looks very good too,” Hed noted. The company’s pre-tax profits and other charges accounted for more than 60 per cent of its income, he added.
“The Irish authorities have been very active and we have been promoting that. We are considering it, it is something that we need to look at. For now we have stayed in Finland. But it is on top of our minds.”
Rovio has been in touch with IDA Ireland – a government agency responsible for attracting foreign investment – Hed stated that if Rovio did move to Ireland some game development would occur there.
“If we did make that decision then it would be a natural thing to do to have some production [in Ireland] also.”
Rovio currently employs 400 staff principally in Finland. Other developers with studios in Ireland include Plants vs. Zombies maker PopCap.