Nubank — whose holding company is currently based in the Cayman Islands and is listed on the New York Stock Exchange — recently became the most valuable bank in all of Latin America. While its corporate headquarters would remain in Sao Paulo, Brazil, the change in legal domicile to the UK would be seen as a big achievement in efforts by British Prime Minister Keir Starmer’s government to attract more technology firms and investment to the country.
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Brazilian fintech Nubank considers domicile move to UK
“Nubank continuously reviews its corporate legal structure to align with the footprint of its operations,” a spokesperson for the company 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.”
