What is BES?
The Business Expansion Scheme (BES) allows you to obtain tax relief on a subscription for eligible shares, (new ordinary shares that have no present or future preferential rights to share in the profits) in an unquoted company which carries on a qualifying trade. You may also obtain relief by buying units in a designated fund which in turn invests in BES qualifying companies. Designated funds are now rare, and most BES investments are made by direct investment in the company concerned. You are allowed to deduct the amount subscribed for eligible shares from your total income for the tax year in which the shares are issued. The maximum BES relief you may claim in a tax year is €150,000, (€300,000 in the case of a married couple assessed jointly, where each has subscribed the maximum amount). If your BES subscription cannot be relieved in a tax year because you have insufficient total income, or because the amount subscribed exceeds €150,000, you may carry forward the unrelieved amount for relief to the next tax year, and later tax years if necessary. BES relief carried forward in this manner must be given in priority to any relief due for the current tax year.
For further information on BES, please visit the revenue website Revenue BES page, or download the following PDF
BES IT55 pdfWhy Invest with Atamia?
Atamia is offering a tax incentivised investment proposal in the form of a Business Expansion Scheme (B.E.S).
The B.E.S. proposal is centred on Atamia's Faceoffgames project. This is an online community website with multimedia content, e-commerce, software distribution and competitive gaming services, catering to the growing video games market. Some products Atamia will be offering through this project will be unique.
The video games industry has long since established itself as a global economic force. According to Deutsche Bank Research, it has an annual global turnover of €30 billion and this figure is set to rise to €52 billion by 2012.
By investing in this sector you are investing in a growing industry and a team of talented people who have vested interests in driving this Company and your investment forward.
Atamia acts as the leading link in the established video games value chain. The Company benefits from its involvement in each part of this structure. By acting as software developers we are in a position to provide services to manufacturers, internet services providers, game development studios and publishers. The Faceoffgames website also allows the Company to act as a publisher in its own right as well as distributor and game service provider.
There is an added value accumulated in Atamia by its participation in each part of the services outlined above. To better understand the Company, its goals and objectives we can provide you with an Investment Memorandum, Illustrative Financial Projections and other associated documentation.
If you would like to know more about the Faceoffgames project, please download the Project Synopsis PDF below. We have also made available Atamia's Enterprise Ireland BES Facilitation Grant Approval Letter and the Revenue BES Approval Letter for your convenience.
Please fill out the contact form on this page. Upon approval of your contact request we will provide access to the Investment Memorandum, illustrative Financial Projections and other associated documents for the Faceoffgames investment opportunity.
Please note the minimum investment amount is €50,000, and the maximum per individual is €150,000.
Further Information
Financial regulations stipulate a limit to the number of interested parties we can present our B.E.S. Investment Memorandum and asscociated documents to. In following these regulations we must selectively open access to these documents. So please fill out the contact form and we can then proceed to present our scheme to you.
