Sony (TYO: 6758) is set to move its Europe headquarters out of the UK to the Netherlands, in light of Brexit.
The electronics firm said the move will help the company avoid any issues involving customs once the UK officially leaves the European Union.
However, Sony have said the move will have a limited impact on existing operations in the UK.
In a statement, the company said that the relocation will ensure that “we can continue our business as usual without disruption once the UK leaves the EU. All our existing European business functions, facilities, departments, sites and location of our people will remain unchanged from today.”
News of Sony’s move comes after Dyson also announced a move out of the UK to Singapore.
On Tuesday, the company announced it is shifting its headquarters out of Malmesbury in Wiltshire to Asia.
Chief Executive Jim Rowan was keen to emphasise that the move had nothing to do with ongoing Brexit negotiations.
He said: “It’s to make us future-proof for where we see the biggest opportunities.”
He continued: “We have seen an acceleration of opportunities to grow the company from a revenue perspective in Asia. We have always had a revenue stream there and will be putting up our best efforts as well as keeping an eye on investments.
“We would describe ourselves as a global technology company and in fact we have been a global company for some time. Most successful companies these days are global.”
Founder Sir James Dyson has been a vocal advocate of Brexit, thus, the company’s pivot towards Asia may raise questions in the UK.
The UK is set to formally leave the EU in March, however, as it stands Parliament have yet to have agreed upon a deal.
Various companies have expressed concern over the possibility of a no-deal and the chaos it could create for business.
Sony is just the latest company to announce a move in light of continued Brexit uncertainty.
Shares in the Japanese firm are currently trading -0.056% as of 10:14AM (GMT).
