Story perspectives
Revolut's Storonsky Moves to UAE for Tax Benefits
10/8/2025
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Story summary
- Nik Storonsky, cofounder of Revolut, has relocated from the United Kingdom to the United Arab Emirates, per filings.
- The UAE lacks income tax, unlike the United Kingdom.
- The move follows the UK’s removal of a tax break for non-domiciled residents.
- Revolut is reportedly seeking a $65 billion valuation.
- Storonsky's stake in Revolut is valued at over $7.9 billion.
