The Global Elite: Portugal’s Passport Among the Top 4 Most Powerful

Portuguese passport ranked as one of the best in the world

In the dynamic landscape of global mobility, the Portuguese passport has emerged as one of the strongest in the world. According to the latest data from passportindex.org, Portugal ranks sixth globally, offering its citizens access to an impressive 191 countries without the need for a visa. In this article, we delve into the reasons behind the strength of the Portuguese passport and explore the factors that contribute to its international standing.

The Global Passport Ranking:

The Henley Global Mobility Report, updated in January 2024, plays a pivotal role in assessing the strength of passports worldwide. The ranking considers the number of countries a passport allows its holders to visit without requiring a visa. Portugal’s sixth-place position, with access to 191 countries, underscores the country’s global influence and diplomatic strength. Notably, the Portuguese passport enables visa-free entry to the United States and Canada, requiring only electronic authorizations (ESTA and eTA, respectively).

The world’s most powerful passports for 2024

• France, Germany, Italy, Japan, Singapore, Spain (194 destinations)

• Finland, South Korea, Sweden (193 destinations)

• Austria, Denmark, Ireland, Netherlands (192 destinations)

• Belgium, Luxembourg, Norway, Portugal, United Kingdom (191 destinations)

• Greece, Malta, Switzerland (190 destinations)

• Czech Republic, New Zealand, Poland (189 destinations)

• Canada, Hungary, United States (188 destinations)

• Estonia, Lithuania (187 destinations)

• Latvia, Slovakia, Slovenia (186 destinations)

• Iceland (185 destinations)

Factors Contributing to Portugal’s Passport Strength:

Several factors contribute to Portugal’s impressive passport ranking. The country’s history of peaceful relations, membership in the Schengen Area and the European Union, and well-established diplomatic ties across continents play a crucial role. Portugal’s stability, both economically and politically, enhances its attractiveness on the global stage.

Rise of Portugal in the Global Passport Ranking:

In a recent update, Portugal secured a position among the top four most powerful passports globally, surpassing influential nations like Switzerland, Australia, Canada, and the United States. This ascent can be attributed to Portugal’s commitment to peaceful relations, Schengen Area membership, and its consistent efforts to foster international cooperation.

Investment Opportunities and Citizenship Programs:

Portugal’s rise in the passport ranking is accompanied by increased interest in its residency and citizenship by investment programs. The “Golden Visa” program, initiated in 2012, has seen approximately 12,500 individuals and 20,169 family members gain Portuguese residency or citizenship through investment. The program not only facilitates residence but also allows free travel within the Schengen Area.

The “Non-Habitual Residency” tax benefit adds another layer of appeal for foreign investors. This program offers a 10-year exemption from personal income tax to individuals with fiscal residence in Portugal, further enhancing the country’s attractiveness.

How to Obtain a Portuguese Passport:

The “Golden Visa” program, particularly through real estate investment starting at €280,000, remains a popular route for investors seeking Portuguese citizenship. AIM Global, a trusted partner in the process, provides comprehensive support for those interested in obtaining European citizenship through real estate investment. As the landscape may evolve, it’s advisable to explore this opportunity promptly.

Portugal’s powerful passport not only opens doors to international travel but also presents lucrative investment opportunities. With its strategic geopolitical position, economic stability, and attractive citizenship programs, Portugal stands as an enticing destination for those looking to enhance their global mobility and secure a robust future. Contact AIM Global to embark on your journey towards obtaining European citizenship and reaping the benefits it brings.

If you would like to learn more about the real estate market in Portugal or need specific information regarding buying, selling, renting, or investing, please feel free to get in touch with one of the consultants at MB Consulting.

Source: passportindex.org