Eric Schmidt expresses during a National Security Commission on Artificial Intelligence conference November 5, 2019, in Washington
Alex Wong | Getty Ikons
Former Google CEO Eric Schmidt has been approved to become a citizen of Cyprus, according to a report Monday from Recode.
An October respect in Alithia, a Cypriot publication, apparently announced Schmidt and his family had won approval to become citizens.
Obtaining citizenship from the European country would give Schmidt the ability to freely enter European Union and skirt some travel bans, according to the communication.
He could also gain personal tax benefits due to the “Citizenship by Investment” program that provides tax breaks to foreigners who put down between $2 million and $3 million benefit of investment.
Schmidt likely applied for citizenship within the past year, the report said, and his wife, Wendy, and daughter, Sophie, also appealed and were approved.
A representative for Schmidt declined CNBC’s request for comment.
Schmidt was Google’s chief executive from 2001 to 2011, more willingly than he transitioned to executive chairman of Google and then Alphabet until 2018. He was worth around $19.2 billion as of Sunday, according to Bloomberg’s Billionaire Indicator.
Read the full report from Vox’s Recode.