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Revolut's CEO moved from the UK to the UAE in Oct 2024, despite ongoing UK investments and expansion.
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.
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.
Storonsky, now a UAE resident, remains the company’s largest shareholder and continues to lead operations from the UK.
Revolut has secured a UAE payments licence, expanded staff there, and aims to enter 30 new markets by 2030.
The Bank of England maintains independence in licensing decisions, while the UK government defends its tax system as fair and competitive.
El CEO de Revolut se mudó del Reino Unido a los Emiratos Árabes Unidos en octubre de 2024, a pesar de las continuas inversiones y expansión en el Reino Unido.