DeFi Daily News
Monday, June 2, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi

rewrite this title NuBank Weighs Moving Legal Domicile Location to the U.K. – Finovate

Julie Muhn (@julieschicktanz) by Julie Muhn (@julieschicktanz)
November 22, 2024
in DeFi
0 0
0
rewrite this title NuBank Weighs Moving Legal Domicile Location to the U.K. – Finovate
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Brazil-based digital bank Nubank is considering moving its legal domicile from the Cayman Islands to the U.K.

The domicile move is pending approval from HM Revenue & Customs, as part of the U.K.’s efforts to attract tech companies.

The potential move involves legal and tax registration changes rather than relocating management or operational offices, offering potential benefits like a favorable tax environment and better access to international markets.

According to a Bloomberg report yesterday, digital bank Nubank is considering moving its legal domicile to the U.K. This would shift the Brazil-based company’s domicile from the Cayman Islands, where its current holding company is based.

If finalized, the move, which is still pending approval from the U.K.’s HM Revenue & Customs authority, would be part of the U.K.’s initiative to bring more tech companies into the country.

“Nubank continuously reviews its corporate legal structure to align with the footprint of its operations,” a Nubank spokesperson said in a statement. “At this time, no decision has been made regarding the redomiciliation of Nu Holdings Ltd. or any other legal entities within our group. As a publicly traded company, we are committed to transparency and will follow standard communication protocols if and when any such decisions are made.”

Relocating a domicile location is different from shifting headquarters location. The latter would mean moving primary executive offices and central operations to the headquarters location. A headquarters change would impact where the company’s management and administrative functions are based, while a domicile change would primarily come with tax implications.

Moving its domicile to the U.K. would involve Nubank changing its legal registration and tax residency to the U.K. This shift would subject the company to U.K. corporate laws and tax regulations, which could potentially come with benefits, such as a more favorable tax environment or enhanced access to international capital markets.

Since it was founded in 2013, Nubank serves 92 million customers in Brazil, over 7 million in Mexico, and close to 1 million in Colombia. The company surpassed 100 million customers earlier this year and has a strong foothold in Brazil, where its app is found on the phones of around 60% of all Brazilian adults. Nubank, which went public on the New York Stock Exchange in 2021, has a current market capitalization of $65.7 billion.

Photo by David Peterson


Views: 59

Related

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: DomicileFinovatelegalLocationMovingNuBankrewritetitleU.Kweighs
ShareTweetShare
Previous Post

Dow closes at record, S&P 500, Nasdaq rise as Wall Street notches strong weekly gains

Next Post

rewrite this title XRP Price Spikes to 3-Year High as Optimism Surges Over SEC Shakeup – Decrypt

Next Post
rewrite this title XRP Price Spikes to 3-Year High as Optimism Surges Over SEC Shakeup – Decrypt

rewrite this title XRP Price Spikes to 3-Year High as Optimism Surges Over SEC Shakeup - Decrypt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Boeing machinists refuse latest offer, prolonging bruising six-week strike

Boeing machinists refuse latest offer, prolonging bruising six-week strike

October 23, 2024
rewrite this title with good SEO Spar Supermarket In Switzerland Starts Accepting Bitcoin

rewrite this title with good SEO Spar Supermarket In Switzerland Starts Accepting Bitcoin

April 18, 2025
Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

July 24, 2024
I Built The DREAM Office Setup!

I Built The DREAM Office Setup!

November 30, 2024
rewrite this title Analyst Suggests Altcoin Recovery May Follow Bitcoin’s Final Cycle Stage—Here’s Why

rewrite this title Analyst Suggests Altcoin Recovery May Follow Bitcoin’s Final Cycle Stage—Here’s Why

June 2, 2025
rewrite this title Michael Saylor’s Strategy Plans Stock IPO to Fund Bitcoin Buys, Operations – Decrypt

rewrite this title Michael Saylor’s Strategy Plans Stock IPO to Fund Bitcoin Buys, Operations – Decrypt

June 2, 2025
rewrite this title with good SEO Bitcoin Price At 0,000 And Ethereum At ,000? Analyst Says Altcoin Season Is Coming | Bitcoinist.com

rewrite this title with good SEO Bitcoin Price At $200,000 And Ethereum At $10,000? Analyst Says Altcoin Season Is Coming | Bitcoinist.com

June 2, 2025
rewrite this title Nike Is Selling Air Max Plus Sneakers for Nearly 40% Off Right Now, and Shoppers Say They're Super Comfortable

rewrite this title Nike Is Selling Air Max Plus Sneakers for Nearly 40% Off Right Now, and Shoppers Say They're Super Comfortable

June 2, 2025
rewrite this title Robinhood Seals Bitstamp Acquisition, Marks Entry into Crypto Trading

rewrite this title Robinhood Seals Bitstamp Acquisition, Marks Entry into Crypto Trading

June 2, 2025
rewrite this title Jesus Guerrero’s Cause of Death: How the Celebrity Hairstylist Died

rewrite this title Jesus Guerrero’s Cause of Death: How the Celebrity Hairstylist Died

June 2, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.