Dubai: United Arab Emirates (UAE) passport has been declared as most powerful in world in an annual list compiled by an offshore consulting firm, Nomad Capitalist. UAE has entered top ten for first time this year, jumping straight to number one from 35th last year, according to index.

“This is largely due to recent changes allowing foreigners to apply for dual citizenship, which, combined with travel freedoms afforded by UAE passport, plus country’s business-friendly environment and enviable tax system, puts UAE top of our list for 2023,” report said.

Jovana Vojinovic Nomad Capitalist’s director of operations and sales called UAE passport “Winner of decade”. “UAE added 106 new visa-free countries in last decade, which is an amazing number,” she told CNBC. “Perception of it improved in past year because of an influx of rich and famous people who moved there,” she added.

Vojinovic praised UAE’s “Very liberal” visa policies and its openness to foreigners and investment. Luxembourg and Switzerland’s passports ranked as second most powerful in world followed by Ireland and Portugal, which secured fourth place on ranking

Published in The Daily National Courier, March, 04 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.