3 ms·
FYI not just any citizenship. On top of the obvious tax benefits in Cyprus, the country is also member state of the EU since 2004. That means 'Citizenship of
by DoingIsLearning 6y ago
FYI not just any citizenship.
On top of the obvious tax benefits in Cyprus, the country is also member state of the EU since 2004.
That means 'Citizenship of the European Union', that includes the ability to travel to anywhere in the EU (visa free), the Ability to reside anywhere in the EU, hell Schmidt could even run for public office in any EU local governments municipal elections if he so wishes.
- TeMPOraL 6y ago> hell Schmidt could even run for public office in any EU local governments municipal elections if he so wishes. Here's an idea for a short story: Schmidt does indeed wish so; he becomes a politician in the EU and places himself in a position that allows him to make the EU a much more friendly place for the adtech industry and surveillance capitalism.
- ryanlol 6y ago> On top of the obvious tax benefits in Cyprus There are no tax benefits for US citizens in Cyprus. Giving up your US citizenship involves a significant exit tax.
- DoingIsLearning 6y ago> There are no tax benefits for US citizens in Cyprus - Dividend gains exemption - Capital gains exemption - Pension income capped at 5% - Abolished inheritance tax - All of the above plus bonus EU freedom of movement/residence The guys fortune is parked on GOOG stock how can you say he has nothing to gain? There is a reason russian oligarchs are parking their money in that tiny island.
- ryanlol 6y agoYou don’t get to take advantage of these benefits as a US citizen.