The Japanese technology giant Sony moves its European headquarters for consumer electronics on paper from the United Kingdom to the Netherlands. The company announced this on Wednesday. The Brexit risks are mentioned as the most important reason.
By establishing the registration of the head office in the Netherlands, Sony remains in the European Customs Union and prevents other issues associated with the Brexit such as changing labels for products. Sony has already set up a new company in the Netherlands, Sony Europe AG in Amsterdam, where Sony Europe ltd. will be established.
The nine hundred employees of Sony Europe remain on duty in the United Kingdom. They are responsible for sales and marketing of the Sony products in the region. Sony also continues to pay taxes in the United Kingdom. The Benelux office of the company is located in Hoofddorp.
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