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Finance app co-founder Reverse Become the latest Lakhpaire To leave UK The following rules change around tax exemption.
A corporate filing at the company house suggests that Nicole Storonsky has converted its residence to the United Arab Emirates soon after its bank app firm transferred to the new global headquarters in Canary Wharf in London in London.
According to the Billionaires Index of Bloomberg, Mr. Storonsky’s personal total assets are currently estimated at $ 14.3 billion (£ 10.6 billion), which keeps him out of the planet’s top 200 richest people. That is, or was, One of Britain’s richest businessmen,
He has about 25 percent stake in the company and remains its chief executive.
With the abolition of the UK’s non-dome rule by Rachel Raves in April, many over-rich individuals and families have shifted residence in abroad. Earlier it meant that they could avoid paying UK tax on foreign income and capital gains.
HMRC data has shown that 400 people with non-dome status are leaving the country before changing the rules. Reports In the previous year, 4,400 business leaders filed papers to do so.
Mr. Storonsky was born in Russia, but after the attack on Ukraine, he gave up his citizenship and took British citizenship. There is no confirmation that it has changed along with his residence.
Revolut obtained the UK banking license with some restrictions last year, and continued to work towards full license. It is also demanding to buy a bank in the United Arab Emirates and increase appointments in the region. Reports financial TimesIn the dialect of increased global expansion.
There is speculation about where the company will choose the option of swimming in the stock exchange, the possibility of dual listing in New York and London still remains.
Recently, the value of Revolut was estimated at $ 75BN (£ 55BN) in an internal share sales round; If that market is publicly listed at capitalization price, it will make the digital bank larger than the barclass (£ 53 billion) or lloyds (£ 49 billion).
Mr. Storonsky worked in Lehman Brothers and Credit Suisse in 2015 before becoming the co-founder of the Revolute.
The Revolute refused to comment.