The Passport Index-Index – An Overview of Passport Rankings

If there’s one thing the investment migration industry isn’t short on, it’s passport rankings. We’ve put together a handy overview of passport indices and CBI-program rankings (alphabetically ordered).

While there’s a great deal of overlap between them, each ranking relies on a different methodology to evaluate citizenships and, by extension, passports. No wonder so few of them reach the same conclusions.

It’s important to note that the quality of the below rankings vary considerably and includes everything from the professional to the amateurish, the ingenious to the unintelligible. For an analysis on the relative merits of each index, see our previous article Index Mania: How to interpret the recent deluge of citizenship rankings.

If you know of any further passport rankings you think should be included (or if you discover the links to be outdated), please send an email to cn@imidaily.com.

Passport Henley Passsport Index Arton Passport Index Nomad Capitalist Passport Index Sovereign Man Passport Ranking STC Passport Index
Singapore 1 1 20 2 44
France 3 2 12 8 15
Italy 3 2 5 8 14
South Korea 3 2 20 4 36
Spain 3 2 5 9 16
Portugal 4 3 4 35 8
United Kingdom 4 3 22 13 1
United States 4 2 35 26 34
Canada 5 3 17 25 35
Ireland 5 3 2 33 24
Switzerland 5 3 2 18 10
Australia 6 5 17 20 43
Greece 6 3 30 16 22
Malta 7 5 19 22 25
New Zealand 7 5 10 23 42
Malaysia 9 5 34 44 53
Latvia 10 6 23 31 27
Monaco 13 11 31 27 48
Cyprus 14 11 39 43 32
Bulgaria 16 9 42 42 28
Hong Kong 16 13 41 36 33
Saint Kitts & Nevis 24 23 50 65 70
Antigua & Barbuda 25 25 56 74 81
Saint Lucia 30 28 61 75 86
Grenada 31 29 67 55 71
Panama 31 28 62 66 65
Dominica 34 32 69 77 85
Vanuatu 37 31 69 81 96
Montenegro 42 37 85 79 90
Moldova 44 41 90 87 88
Turkey 49 40 93 90 104
Thailand 66 55 113 93 112
Jordan 87 75 163 126 133
Passport Henley Passsport Index Arton Passport Index Nomad Capitalist Passport Index Sovereign Man Passport Ranking STC Passport Index

Passport Rankings

The Arton Capital Passport Index

Methodology basics: The Arton Capital Passport Index compares passports mainly on their visa-free travel options, but also on how welcoming the countries are to other nationalities.

Top-ranked country: Singapore

 

The Henley Passport Index

Methodology basics: The original passport ranking, the Henley Passport Index ranks passports based on the number of countries to which its holders can travel without applying for a visa in advance.

Top-ranked country: Singapore/Japan

 

The Nomad Capitalist Passport Index

Methodology basics: The Nomad Capitalist Passport Index, developed by Andrew Henderson, compares nationalities based on visa-free travel, levels of taxation, international perception, whether dual citizenship is allowed, and “overall freedom”.

Top-ranked country: Luxembourg

 

The Sovereign Man Passport Ranking

Methodology basics: Developed by Simon Black, this ranking considers a country’s international arrivals and GDP and gives each country an “attractiveness score”. Visa-free access to more attractive countries gives a higher rank. There’s more too, but too much to explain here. Follow the link above to learn more.

Top-ranked country: Japan

 

The STC Passport Index

Methodology basics: Stephane Tajick’s Passport Index evaluates citizenships on the basis of visa-free access (but also the duration of permissible visa-free stays), the relative popularity of a country as measured in international tourist arrivals, and assigns a gold, silver, and bronze rating to each country.

Top-ranked country: United Kingdom

 

Other Rankings

The Quality of Nationality Index

Methodology basics: The QNI takes a strictly quantitative approach to determine the intrinsic value of a nationality based on seven weighted factors: Peace and stability, weight of travel freedom, diversity of travel freedom, weight of settlement freedom, diversity of settlement freedom, human development, and economic strength.

Top-ranked country: France

 

US News Best Countries Rankings

Methodology basics: This ranking (and its sub-rankings) draws on a survey of more than 21,000 respondents and compares countries on a variety of metrics; economic factors, human rights, ease of doing business, and even how much fun they are.

Top-ranked country: Switzerland

 

The CS Global/PWM CBI Index

Methodology basics: The CBI Index ranks citizenship by investment programs along seven “pillars”; freedom of movement, standard of living, minimum investment outlay, mandatory travel or residence, citizenship timeline, ease of processing, due diligence.

Top-ranked country: Dominica

 

The Henley & Partners CBI-Program Ranking

Methodology basics: This index relies on a complex methodology and takes ten factors into account: Reputation, Quality of Life, Visa-free Access, Processing Time and Quality of Processing, Compliance, Investment Requirements, Residence Requirements, Relocation Flexibility, Physical Visit Requirements, and Transparency.

Top-ranked country: Malta

 

The Ius Pecuniae Index

Methodology basics: HF Corporation’s Ius Pecunniae Index compares citizenship programs according to six weighted critera; Travel convenience, pecuniary requirements, settlement rights, quality of life and business environment, residence requirements, and reputation.

Top-ranked country: Malta

 

Bayat Migration Index

Methodology basics: The Bayat Migration Index compares countries by scoring and combining mobility, wealth, cost of living, democracy, ease of doing business, safety and security, education, healthcare, environment, and economic growth rate.

Top-ranked country: Iceland