The co -founder of Droclut Nik Storonsky is transferring his residence from the United Kingdom to the United Arab Emirates

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No one Storonski, revolutionThe co -founder of the billionaire has officially changed his residence from the United Kingdom to the United Arab Emirates, according to Companies House.

Changes were published on the official company’s record in the United Kingdom on Tuesday as an update of the information of the Storonsky Family Company.

The official change in Storonsky – which is still the largest contributor to a revolution as well as the CEO – comes in a major moment for the most valuable financial technology company in Europe, which awaits a fully banking license from the UK organizers and is also overlooking as it can be listed publicly.

the End the non -league system The decision of the Labor Party government to close a loophole that allows the use of boxes abroad to avoid an inheritance tax-causing a wave of wealthy to leave the United Kingdom to more tax systems, including the United Arab Emirates.

Storonsky is in line with the surprise of millions of dollars if it directs the Finetech evaluation to about $ 150 billion, according to the previous financial times. The latest tour of the donation collection The company is estimated at $ 75 billion.

Storonski He was born in Russia but abandoned his nationality after the full invasion of Ukraine, and spends a lot of year in the United Arab Emirates. He participated in the establishment of the company in London in 2015 with Vlad Yatsenco, and Rvolut grew to 65 million worldwide users.

House Companies shows that he included his residence as England, where he was a British citizen, until October 16, 2024. The deposits are only the Storonsky residence and the citizenship status does not appear.

A person familiar with the bank in January said he is committed to the presence of the main decision makers in the United Kingdom. Storonsky maintains a UK home and will continue to work frequently in the country, according to a person familiar with the situation.

The revolution refused to comment.

Last year, Revolution obtained a bank license in the United Kingdom three years after the Bank of England. However, it remains in the “packaging” stage during which its banking department can carry a maximum of 50,000 pounds.

The packing usually takes 12 months, according to the exclusive organization of the Central Bank, but that date was approved in July. A revolution and PRA said that the packing is not a fixed period, and that it may take longer.

Chancellor Rachel Reeves sought to break the impasse between the revolution and Benox Boy through simplicity. Andrew Billy, the governor of the Bank of England, who believed that he would affect the neutrality of the body, Previously mentioned mentioned.

Although Revolution reaffirmed its commitment to the United Kingdom to open a new headquarters in London and pledge last month To invest 3 billion pounds in the countryAnd its presence was also expanded in the Gulf.

In September, the Central Bank of the United Arab Emirates granted a revolution of “stored value facilities and licensing for retail payment services”, which will allow it to expand the services it provides in the Kingdom of the Gulf.

The company plans to increase employment efforts in the United Arab Emirates. It also explores plans to buy a bank in the United Arab Emirates to accelerate its growth in the country.

The Abu Dhabi Sovereign Fund also has a share in a revolution.