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flag Revolut's CEO moved from the UK to the UAE in Oct 2024, despite ongoing UK investments and expansion.

flag Nik Storonsky, Revolut’s CEO and co-founder, has officially relocated from the UK to the UAE, effective October 2024, according to UK regulatory filings. flag The move, part of a broader trend of wealthy individuals leaving the UK following tax reforms, comes despite Revolut’s ongoing £3 billion UK investment and expansion plans. flag Storonsky, now a UAE resident, remains the company’s largest shareholder and continues to lead operations from the UK. flag Revolut has secured a UAE payments licence, expanded staff there, and aims to enter 30 new markets by 2030. flag The Bank of England maintains independence in licensing decisions, while the UK government defends its tax system as fair and competitive.

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