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Eric Schmidt speaks at a National Security Commission conference on artificial intelligence on November 5, 2019 in Washington
Alex Wong | Getty Images
Former Google CEO Eric Schmidt has been allowed to become a Cypriot citizen, according to a report released by Recode on Monday.
An October notice published in Alithia, a Cypriot publication, apparently announced that Schmidt and his family had been granted permission to become citizens.
Obtaining citizenship of the European nation would give Schmidt the ability to enter the European Union freely and circumvent certain travel bans, according to the report.
He could also benefit from personal tax advantages thanks to the program “Citizenship by investment” which offers tax breaks to foreigners who invest between 2 and 3 million dollars.
Schmidt likely applied for citizenship in the past year, according to the report, and his wife, Wendy, and daughter, Sophie, also applied and were approved.
A representative for Schmidt declined CNBC’s request for comment.
Schmidt was CEO of Google from 2001 to 2011, before becoming executive chairman of Google and then Alphabet until 2018. He was worth around $ 19.2 billion on Sunday, according to the Bloomberg Billionaire Index.
Read the full report from Vox’s Recode.
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