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Revolut Cofounder Nik Storonsky Switches Residency to UAE, UK Filings Show

The official update formalizes an October 2024 relocation, sharpening attention on tax changes credited with pushing wealthy executives overseas.

Overview

  • New Companies House documents published October 7 list Nik Storonsky’s place of residence as the United Arab Emirates, with the change effective since October 2024.
  • The filing contrasts with a June statement to Forbes in which Revolut said Storonsky remained a UK tax resident and was traveling to support expansion.
  • The disclosure follows Revolut’s launch of a new London headquarters and a £3 billion UK investment that the company said would create about 1,000 jobs.
  • Revolut has deepened its Gulf footprint with a Dubai office, a UAE operating license secured last year, and investment from Abu Dhabi’s Mubadala.
  • Coverage links Storonsky’s move to the UK’s abolition of non‑dom tax perks and notes Revolut is reportedly exploring a dual UKUS listing and fundraising talks around a roughly $65 billion valuation.