Working with the British gov on a domicile move to the UK.
Largest neo bank for the LatAm region.
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Nubank, a prominent digital challenger bank, is considering relocating its legal base to the UK, a move that would be a significant win for the UK’s efforts to attract tech companies. The change in domicile, still pending approval, would not alter its corporate headquarters in Sao Paulo, Brazil. This potential move comes as the UK government aims to boost its tech sector and attract investment.
Summary from Bloomberg
Fascinating, I wonder why they’d move domicile to the U.K. from the Cayman Islands. I’ve genuinely no idea what the motivation might be, other than I guess political pressure to move from a tax haven? But then why not to the US, where they are listed? Or somewhere in Latin America where their customers are?