Rich Americans increasingly looking for second passports ...United Arab Emirates

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Washington: Eric Schmidt acquired all the typical trappings of a mega-rich US citizen: a superyacht, a Gulfstream jet, a Manhattan penthouse. One of his newest assets is far less conventional: a second passport. Alphabet Inc.’s former chief executive officer applied to become a citizen of Cyprus, according to an announcement last month in a Cypriot newspaper that was first reported by the website Recode. Schmidt, 65, joins a growing club of individuals participating in government programmes enabling foreigners to acquire passports. In previous years, US citizens rarely sought to buy so-called golden passports. The business mainly thrived targeting people from countries with fewer travel fre

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