Angry Birds maker Rovio may establish HQ in Ireland


11 Jun 20123 Shares

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Rovio CEO Mikael Hed

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Angry Birds maker Rovio may fly the coop from Finland to save money on its tax bill and establish headquarters in Ireland, a report says.

Rovio’s turnover grew to €75m last year from €10m the previous year, and less than €1m the year prior to that, The Irish Times reported Rovio CEO Mikael Hed as saying.

He told the paper that Rovio’s profits before tax and other charges was more than 60pc of its income.

The company is reportedly in talks with IDA Ireland about establishing headquarters in the country, where the tax rate is 12.5pc. In Finland, where Rovio is based, the corporate tax rate is 24.5pc.

“The Irish authorities have been very active and we have been promoting that. We are considering it,” Hed has been quoted as saying.

“It is something that we need to look at. For now we have stayed in Finland. But it is on top of our minds."

If Rovio does make a move to Ireland, it would include some production and mostly the company’s head office.