The rise of the air purifier industry
dyson singapore move explained: why is sir james dyson relocating his company? is brexit a factor?
by：Yovog
2023-10-01
Billionaire businessman Sir James Dyson moved the company\'s headquarters from the UK to Singapore, a blow to Brexit.
The move, announced on Tuesday, means Dysonis is no longer a UK-registered company and Singapore is now its main tax base. But the 71-year-
The old vacuum cleaner tycoon received severe criticism after publicly supporting Britain\'s exit from the EU during the 2016 referendum.
The company\'s boss said it had nothing to do with Brexit, but insisted the shift was to get closer to Dyson\'s fastest pace --A growing market
James Dyson, born in 1947 in Cromer, Norfolk, is the inventor and founder of billions of people.
Dyson company.
His company made a breakthrough in the 1990 s by inventing bag-free technology that assumes that a cyclone can collect household dust better than a clogged cycloneup bag.
The Bag vacuum cleaner sold millions of units, making the company a household name.
Later, the company developed into a manufacturer of air purifiers, hair dryers and cleaners, which politicians praised as a success story in the UK.
Jim Rowan, Dyson\'s chief executive, said Dyson is a \"global technology company\" with 96% of its sales outside the UK.
The company\'s annual profit in 2018 exceeded the threshold of 1 billion.
According to The Sunday Times\'s rich list, Sir James has a net worth of £ 2017. 8 billion.
The company said it would move south.
Leaving Europe or taxes didn\'t push east Asia.
\"This has nothing to do with Brexit or taxes, but to ensure that our future is confirmed,\" said Rowan.
There are huge revenue opportunities in Singapore, and China is a typical example.
\"The tax difference is negligible for us, we collect taxes around the world, and we will continue to pay taxes in the UK.
We will continue to invest in malesbury in the UK, Bristol and London.
More than half of the company\'s profits come from Asia, he said, adding: \"In recent years, we have grown twice as fast in Asia as the rest of the world.
\"Instead, bosses say the motivation for the shift is to move closer to the manufacturing base and market where its biggest demand is.
\"This allows us to ensure that we do our best to ensure these opportunities and focus on these investments, especially electric vehicles (EV),\" Rowan told reporters on Tuesday)
Electric vehicles)and batteries.
\"But this is Dyson\'s second blow to Britain\'s exit from the EU after last year\'s announcement that it will produce new electric vehicles in Singapore instead of the UK.
Dyson said they have begun to move closer to suppliers and the Asian market, which will be available in 2021.
It is expected that with this move, there will be little drastic change.
In fact, this means that two executives, including the company\'s chief financial officer, will join Rowan\'s company in Singapore, which will be registered in Singapore rather than in the UK.
Most of the company\'s product development will remain in the South
None of the 4,000 jobs in western England will be affected by the move.
Rowan said the company will continue to invest in bases in Malmsbury, Bristol and London.
The company is keen to highlight its commitment to the UK, noting that it is investing £ 0. 2 billion in new buildings and testing facilities on the campus of Hullavington airport.
Marlesbury\'s work will also continue, with the company saying it is still expanding its research and engineering operations in the UK.
James Dyson expressed support for Brexit a few days before the Brexit 2016 vote, when he said Britain might be around 18.
It would be better if it left the EU at 5 billion a year.
He had previously told the Standard that he supported a hard Brexit, said he supported \"free trade\" and had been paying WTO tariffs \"for years.
When he came out to support Britain\'s exit from the EU, he said he did it from a \"sovereign perspective.
He said: \"We will create more wealth and jobs by leaving the EU.
We will have our own destiny.
I think control is the most important thing in life and business.
\"The last thing I want to do is to put myself in the hands of others.
Not only other countries, but also the bureaucrats in Brussels.
The move, announced on Tuesday, means Dysonis is no longer a UK-registered company and Singapore is now its main tax base. But the 71-year-
The old vacuum cleaner tycoon received severe criticism after publicly supporting Britain\'s exit from the EU during the 2016 referendum.
The company\'s boss said it had nothing to do with Brexit, but insisted the shift was to get closer to Dyson\'s fastest pace --A growing market
James Dyson, born in 1947 in Cromer, Norfolk, is the inventor and founder of billions of people.
Dyson company.
His company made a breakthrough in the 1990 s by inventing bag-free technology that assumes that a cyclone can collect household dust better than a clogged cycloneup bag.
The Bag vacuum cleaner sold millions of units, making the company a household name.
Later, the company developed into a manufacturer of air purifiers, hair dryers and cleaners, which politicians praised as a success story in the UK.
Jim Rowan, Dyson\'s chief executive, said Dyson is a \"global technology company\" with 96% of its sales outside the UK.
The company\'s annual profit in 2018 exceeded the threshold of 1 billion.
According to The Sunday Times\'s rich list, Sir James has a net worth of £ 2017. 8 billion.
The company said it would move south.
Leaving Europe or taxes didn\'t push east Asia.
\"This has nothing to do with Brexit or taxes, but to ensure that our future is confirmed,\" said Rowan.
There are huge revenue opportunities in Singapore, and China is a typical example.
\"The tax difference is negligible for us, we collect taxes around the world, and we will continue to pay taxes in the UK.
We will continue to invest in malesbury in the UK, Bristol and London.
More than half of the company\'s profits come from Asia, he said, adding: \"In recent years, we have grown twice as fast in Asia as the rest of the world.
\"Instead, bosses say the motivation for the shift is to move closer to the manufacturing base and market where its biggest demand is.
\"This allows us to ensure that we do our best to ensure these opportunities and focus on these investments, especially electric vehicles (EV),\" Rowan told reporters on Tuesday)
Electric vehicles)and batteries.
\"But this is Dyson\'s second blow to Britain\'s exit from the EU after last year\'s announcement that it will produce new electric vehicles in Singapore instead of the UK.
Dyson said they have begun to move closer to suppliers and the Asian market, which will be available in 2021.
It is expected that with this move, there will be little drastic change.
In fact, this means that two executives, including the company\'s chief financial officer, will join Rowan\'s company in Singapore, which will be registered in Singapore rather than in the UK.
Most of the company\'s product development will remain in the South
None of the 4,000 jobs in western England will be affected by the move.
Rowan said the company will continue to invest in bases in Malmsbury, Bristol and London.
The company is keen to highlight its commitment to the UK, noting that it is investing £ 0. 2 billion in new buildings and testing facilities on the campus of Hullavington airport.
Marlesbury\'s work will also continue, with the company saying it is still expanding its research and engineering operations in the UK.
James Dyson expressed support for Brexit a few days before the Brexit 2016 vote, when he said Britain might be around 18.
It would be better if it left the EU at 5 billion a year.
He had previously told the Standard that he supported a hard Brexit, said he supported \"free trade\" and had been paying WTO tariffs \"for years.
When he came out to support Britain\'s exit from the EU, he said he did it from a \"sovereign perspective.
He said: \"We will create more wealth and jobs by leaving the EU.
We will have our own destiny.
I think control is the most important thing in life and business.
\"The last thing I want to do is to put myself in the hands of others.
Not only other countries, but also the bureaucrats in Brussels.
Related Products
