Chief financial officer Jorn Jensen will relocate, as well as chief legal officer Martin Bowen. Dyson said the shift out of the UK is in response to the growing importance of Asia to its business.

Dyson said: ‘An increasing majority of Dyson's customers and all of our manufacturing operations are now in Asia; this shift has been occurring for some time and will quicken as Dyson brings its electric vehicle to market.

‘As a result, an increasing proportion of Dyson's executive team is going to be based in Singapore; positioning them to make the right decisions for Dyson in a quick and efficient way.’

Sir James Dyson, the company’s founder, has spoken in favour of the UK leaving the EU, but the company said its decision was not connected to Brexit but was designed to ‘future proof’ it.

Dyson chief executive Jim Rowan said: ‘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.’

On the subject of Brexit, Rowan said only 2% to 3% of the company’s supply chain is in Europe and it did not foresee disruptions.

Dyson has previously announced plans to build its new electric car at a factory in Singapore. However, it has emphasised there will be no impact on its 4,000 UK employees or its facilities as a result of its decision to register the company in Singapore, and it plans to continue investment in plants and facilities here. 

Dyson’ full-year results for 2018 saw profits exceed £1bn for the first time, a 33% hike, while turnover was up 28% at £4.4bn. In 2017 the company paid £95m in tax.

Report by Pat Sweet