UAE Passport Ranked Most Powerful in The World
According to a yearly ranking by an offshore consultancy firm, Nomad Capitalist, the United Arab Emirates (UAE) passport is the most potent in the world.
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According to the report, the UAE entered the top ten for the first time this year, moving up immediately to number one from 35th last year.
The research stated: “This is largely due to recent amendments allowing foreigners to seek for dual citizenship, which, along with the travel privileges given by a UAE passport, plus the nation’s business-friendly atmosphere and enviable tax system, puts the UAE top of our list for 2023.
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The director of operations and sales at Nomad Capitalist, Jovana Vojinovic, referred to the UAE passport as the “winner of the decade.” “.
“It is incredible that the UAE has added 106 additional visa-free nations in the last ten years, she said CNBC.
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Because of an influx of wealthy and well-known people who relocated there in the previous year, perception of it has improved, she continued.
Vojinovic commended the UAE’s “extremely liberal” visa laws, as well as its welcoming nature to visitors and foreign investors.
Ireland and Portugal took the third and fourth spots in the ranking, with Luxembourg and Switzerland’s passports coming in at second and third, respectively, in the world.
According to its website, the Nomad Capitalist Passport Index was developed to identify the world’s top nationalities.
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The business stated: “Our evaluations are based not just on the basis of visa-free travel but also on international taxation rules, worldwide perception, dual citizenship, and personal freedom.
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