Overview

• A UK corporate filing published on October 7 lists the United Arab Emirates as Nik Storonsky’s main residence, effective October 2024.
• The update comes weeks after Revolut opened a new global headquarters in London and announced a £3 billion UK investment with 1,000 planned jobs.
• The filing contrasts with a June comment to Forbes in which the company said Storonsky remained a UK tax resident.
• Analyses of Companies House data report thousands of directors have recorded overseas moves following the abolition of the non-domiciled tax regime.
• Revolut has strengthened ties in the Gulf, including a Dubai office, a UAE operating license and backing from Abu Dhabi’s Mubadala, while reporting on its UK banking license status remains inconsistent.