New Index Reveals That The UAE Passport Ranked #1 Among Different Countries.
If you were planning to spend your holidays in UAE, you must be packing your bags by now without second thoughts. UAE, for all the glitter and gold it possesses, has been ranked at the top of the mountain by a new global index.
New Index Reveals That The UAE Passport Ranked #1 Among Different Countries.
According to reports, the UAE passport ranked as the most powerful passport globally. The list was revealed by Nomad Capitalist, a company that helps ordinary citizens and entrepreneurs to settle in a foreign land that provides the best of services in terms of taxes and personal freedom.
The UAE passport ranked number 1 with a score of 110.50. It was the first time the document entered the top 10 list.
Previously, the UAE passport ranked 35, a commendable jump for the country within a year!
New Index Reveals That The UAE Passport Ranked #1 Among Different Countries.
The reasons for the massive jump are associated with the Visa-free policy of UAE, the possibility of dual citizenship, the tax structure within the country, and the favorable conditions for businesses.
UAE allows dual citizenship for its people. On a scale of 10 to 50, with 10 being the strictest and 50 being the most lenient, UAE scored a favorable 30, which means the people in the country can hold dual citizenship with some restrictions.
The country also exempts people from paying Income taxes. Taxes are also not levied on businesses, which makes the country favorable for startups and MNCs in general. On a scale of 10 to 50, UAE scored a perfect 50 on this aspect. A score of 50 means that the country levies zero taxes on its people.
The reason behind the UAE passport ranking at the top can also be credited to the country's visa-free entry policy (into 181 countries).
The rankings are published after an analysis of 5 categories, namely Visa-free travel, taxation of citizens, Global perception, granting dual citizenship, and personal freedom.
With the UAE passport ranked the most powerful document worldwide, the country could see a positive influx of immigrants for better livelihood and living conditions in the upcoming months.
New Index Reveals That The UAE Passport Ranked #1 Among Different Countries.
Here is the list of the Top 10 countries with the most powerful passports:
UAE - 111
Luxembourg - 108
Switzerland - 108
Ireland - 108
Portugal - 108
Germany - 107
Czech Republic - 107
New Zealand - 107
Sweden - 106
Finland - 106
For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true, and top stories of the world.
New Index Reveals That The UAE Passport Ranked #1 Among Different Countries.
According to reports, the UAE passport ranked as the most powerful passport globally. The list was revealed by Nomad Capitalist, a company that helps ordinary citizens and entrepreneurs to settle in a foreign land that provides the best of services in terms of taxes and personal freedom.
The UAE passport ranked number 1 with a score of 110.50. It was the first time the document entered the top 10 list.
Previously, the UAE passport ranked 35, a commendable jump for the country within a year!
New Index Reveals That The UAE Passport Ranked #1 Among Different Countries.
The reasons for the massive jump are associated with the Visa-free policy of UAE, the possibility of dual citizenship, the tax structure within the country, and the favorable conditions for businesses.
UAE allows dual citizenship for its people. On a scale of 10 to 50, with 10 being the strictest and 50 being the most lenient, UAE scored a favorable 30, which means the people in the country can hold dual citizenship with some restrictions.
The country also exempts people from paying Income taxes. Taxes are also not levied on businesses, which makes the country favorable for startups and MNCs in general. On a scale of 10 to 50, UAE scored a perfect 50 on this aspect. A score of 50 means that the country levies zero taxes on its people.
The reason behind the UAE passport ranking at the top can also be credited to the country's visa-free entry policy (into 181 countries).
The rankings are published after an analysis of 5 categories, namely Visa-free travel, taxation of citizens, Global perception, granting dual citizenship, and personal freedom.
With the UAE passport ranked the most powerful document worldwide, the country could see a positive influx of immigrants for better livelihood and living conditions in the upcoming months.
New Index Reveals That The UAE Passport Ranked #1 Among Different Countries.
Here is the list of the Top 10 countries with the most powerful passports:
