by Simon Black
The former CEO of Google, Eric Schmidt, will be one of the last people to receive citizenship in Cyprus through the country’s Citizenship by Investment program.
Schmidt’s name showed up on Cyprus’s list of approved applications in October, around the same time Cyprus announced it was suspending the program.
Remember- Cyprus essentially went bankrupt in 2013; it was so bad that the government had to freeze its entire banking system. They were desperate.
So the government started heavily marketing its new Citizenship by Investment program, which brought in about $8 billion in much needed revenue.