We work with game companies who require a legal structure to house their new concepts. We assist with the formation of your new business, multiple bank accounts, currency exchange services, office space, employees, tax returns, crypto exchange setup etc.
Companies are formed in Ireland, however, we can assist with incorporations in Cyprus, Curacao, Costa Rica and Malta.
Many of our clients are made up of game developers residing in multiple jurisdictions and our role is to incorporate them in a good EU location which has the ability to service their needs.
Below is some information on Irish companies that you might not be aware of:
(1) 12.5% Corporation Tax Rate The lowest rate in Western Europe – applicable on trading income of Irish resident companies and Irish branches of foreign companies.
(2) 25% Tax Rate Applies to passive and non-trading income.
(3) Tax Certainty Ireland has consistent, transparent, long term tax policies.
(4) Start-up Relief There is a 3 year exemption for new businesses where profits are less than €320k, with marginal relief where profits are below €480k.
(5) R&D Tax Credit 25% Tax credit available on qualifying R&D spend – includes staff salaries and related costs and other direct R&D costs. The credit is additional to the 12.5% deduction available for R&D spend. The credit reduces corporation tax or is refundable over 3 years where the company is loss making. The benefit can be taken ‘above the line’ i.e. before tax. Further credits may be available
(6) Knowledge Development Box: A 6.25% rate may apply if undertaking R&D in Ireland and developing patents or similar assets or copyrighted software.
(7) IP Allowances Tax depreciation allowances are available on the acquisition of a wide range of intangible assets including patents, software and registered designs.
(8) Excellent Tax Treaty Network – -72 tax treaties including US, UK, Australia, China, Canada, Japan and Russia. Facilitates reduction in foreign taxes and withholding taxes on cross border payments.