Vox Media

Vox.com reports that the former CEO of Google, Eric Schmidt, is finalizing a plan to become a citizen of the island of Cyprus, becoming one of the highest-profile Americans to take advantage of one of the world’s most controversial “passport-for-sale” programs.

Theo Andreou, the head of Cyprus program for Astons, speculated Schmidt could be making the move for two possible reasons: "One reason is to have a Plan B during Covid. The other reason is that they are expanding their business in Europe."

Cyprus announced in mid-October that due to “abusive exploitation,” it was shutting the program down, around when Schmidt’s approval was published.