Former Chief Executive Officer of Google Eric Schmidt has begun finalizing a plan to seek citizenship from the Republic of Cyprus, becoming one of the highest-profile Americans to take advantage of controversial programmes “passport-for-sale”.
The new passport would give Schmidt access to the European Union as well as access to a more favourable tax regime.
Schmidt and his family have won approval to become citizens of the Mediterranean nation, Recode reported, according to a previously unreported notice in a Cypriot publication in October.
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