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Henley Passport Index 2023: Singapore Passport Is World’s Most Powerful, Replacing Japan

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Singapore has replaced Japan for having the world’s most powerful passport, allowing visa-free entry to 192 global destinations, according to the latest Henley Passport Index.

After five years at the top, Japan dropped to third place as the number of destinations its passport can access without a visa fell, according to the ranking published by London-based immigration consultancy Henley & Partners.

The US, which once topped the ranking nearly a decade ago, slid two places to eighth place. The UK, after a Brexit-induced slump, jumped two places to fourth, a position it last held in 2017.

Singapore is a magnet for wealth, with a recent influx driven by a crackdown on private enterprise in China and fears over geopolitical tensions.

But landing the privilege to use the city-state’s travel document isn’t easy. The nation of 5.6 million granted citizenship to about 23,100 people last year, and authorities earlier this year ruled out doing so based on the net worth of individuals.

Henley’s ranking tracks data from the International Air Transport Association. The methodology differs from other passport indexes like one published by financial advisory Arton Capital, which put the United Arab Emirates in pole position last year.

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