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Nik Storonsky, the billionaire co-founder of Revolut, has listed the UK as his country of residence, three months after regulators raised concerns when his family office erroneously changed his address to the United Arab Emirates.
Storonsky’s family office changed its director’s residency on the UK’s official corporate registry through a form used to correct “trivial inaccuracies”. The form, published by Companies House this month, states that Storonsky’s residency is in the UK.
The changes amend an October 2025 filing to Companies House that said Storonsky’s residence had shifted from the UK to the UAE. That original filing said the changes had been made on October 16, 2024. The most recent filing from Storonsky Family Ltd states that the changes were reversed on the same date.
Storonsky’s shift of residency to the UAE, reported by the FT in October, prompted regulators — who had not been informed about the filing — to seek assurances from Revolut, which is still awaiting a full UK banking licence.
Storonsky, who founded Revolut in 2015, spends his time between Dubai, London, Barcelona and Brazil, among other jurisdictions. He was born in Russia but renounced his citizenship in 2022, having become a British citizen in 2013.
In a Russian-language interview last month Storonsky was probed about the residency change, which he labelled “fake news”.
“Because my business is global I spend three months in London and three months in Europe. We decided to open a big office in Dubai about two or three years ago. I also spend three or four months in Dubai, in the States and in Latin America. I try to spend time everywhere we have large offices.”
He added: “From the family office’s point of view, since I’m also a director, they used my Dubai address for correspondence.”
The filings, including the corrected version published this month, pertained to his usual residency, however not his office’s address.
The neobank said: “Revolut operates across 40 markets and our CEO, Nik Storonsky, divides his time across the UK and our key international regions, reflecting the global nature of the business.
“There has been no change to his role or responsibilities at Revolut, and his registered details at Companies House remains the UK.”
Revolut has not previously suggested that the UAE residency filing had been made in error or that steps had been taken to correct the record, including when the FT reported in December that regulators were concerned by the change of country.
Financial News first reported the January filing reversing the residency change.
Ministers have been on the charm offensive with Storonsky recently in the hopes that Revolut, which was recently valued at $75bn in a private fundraising round, may contemplate publicly listing in London. In September Revolut pledged to invest £3bn in its home market, and politicians point to the company as a British tech success story.
However it is still waiting to become a fully licensed bank in the UK after years in regulatory limbo. In 2024 Revolut secured a UK banking licence after a three-year back-and-forth with the Bank of England.
The company remains in a “mobilisation” phase however, during which its banking division can only hold a maximum of £50,000 in deposits.
Mobilisation usually takes 12 months, according to the BoE’s Prudential Regulation Authority, but Revolut has been in the process for about 18 months. Revolut and the PRA have said that mobilisation is not a fixed period, and that it can take longer.
Additional reporting by Ortenca Aliaj in London