Latest LIST: Hungarian passport among the strongest in the world

Nomad Capitalist has compiled a list of the world’s passports, ranking them from strongest to weakest, based on five criteria. The Swiss passport turned out to be the strongest in the world. The Hungarian one is also quite highly ranked.

According to tax and immigration consultancy Nomad Capitalist, the strength of passports goes beyond visa-free travel. As CNBC reports, the company has produced a weighted annual index that analyses five criteria:

1. Visa-free travel 50%
2. Taxation of citizens 20%
3. Perception 10%
4. Dual citizenship 10%
5. Personal freedom 10%

According to the 2024 Nomad Passport Index, Switzerland topped this year’s ranking, followed by Ireland and Portugal.

The performance of the United Arab Emirates stands out on the list in a bad way. The UAE was ranked number one in 2023; however, this year, it has slipped back to 6th place, tied with countries such as the Netherlands, Germany and New Zealand, Portfolio reports.