Wealth Solutions & Wealth Planning

Henley & Partners highlight that the World’s Most Powerful Passports have the Least Travel Freedom

Passport holders with the greatest global access are currently the most restricted and reluctant to enjoy their travel freedom, according to the latest results from the Henley Passport Index, which is based on exclusive and official data from the International Air Transport Association (IATA).

Japan holds the number one spot on the index with visa-free or visa-on-arrival score of 193, while Singapore and South Korea come in joint-2nd place, with a score of 192. However, despite their unprecedented worldwide access, international passenger demand in the Asia-Pacific region has only reached 17% of pre-Covid levels — far behind the global trend where markets in Europe and North America have recovered to around 60% of pre-crisis travel mobility levels.

Against a backdrop of ongoing global uncertainty and precariousness, more and more high-net-worth investors and entrepreneurs are looking to create portfolios of complementary citizenship and residence options through investment migration programs to access security and optionality in terms of where they and their families can comfortably live, conduct business, study, and invest.

Looking ahead, experts commenting in the Henley Global Mobility Report 2022 Q3 agree that holding more than one citizenship and passport, with the range of personal access rights each guarantees, is the ultimate asset in times of crisis and volatility.