Nik Storonsky—Nik Storonsky moved residency to UAE, avoiding £3+ billion in UK capital gains tax
Revolut CEO and co-founder Nik Storonsky officially changed tax residency from UK to United Arab Emirates in October 2024 according to Companies House filings. Move could save him more than £3 billion in UK capital gains tax. Storonsky had been critical of UK's 'extreme bureaucracy' and regulatory landscape. Changed residence from England on October 16, 2024.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Tax Practices | -against | primary | -1.00 |
| Overall incident score = | -0.885 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)
Evidence (1 signal)
Nik Storonsky changed residency from UK to UAE per Companies House filings
Irish Times reported October 2024 that Nik Storonsky, Revolut's billionaire co-founder, officially changed residency from UK to UAE according to UK Companies House filings. Filings show he listed residence as England until October 16, 2024. Move could save him more than £3 billion in UK capital gains tax. Storonsky had been critical of UK's 'extreme bureaucracy' and regulatory landscape in preceding years.