Former Google CEO becomes a Cypriot citizen/
Eric Schmidt and his family have received permission to obtain Cypriot citizenship, according to a report that was published on Monday.
What are the benefits of a passport and Cypriot citizenship?
Citizenship of an EU member state
Have the right to live, work, and study in all 28 EU countries
Have the right to security within the European social and legal system
Full citizenship and passports are granted to the applicant and all family embers
Allowance of visa-free travel to 159 countries around the world
No residence is required
Also, Eric Schmidt could receive tax breaks that the country provided to foreigners investing in the country.
From 2001 to 2011, Schmidt was the CEO of Google before he became the executive chairman of Google and then Alphabet until 2018.
At the moment, Cyprus Citizenship by Investment Program has been suspended. However, there are some interesting investment programs that you can find on our website.