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9th Annual Edition

The 2025 Passport
Investment Report.

Going beyond mere travel privileges, this report focuses on core criteria such as taxation, global perception, dual citizenship, and personal freedom to map out the most valuable citizenship landscape for global investors in 2025.

Ireland Takes the Helm

In the 2025 assessment, Ireland (109.0) edged past its biggest rival, Switzerland (108.5), by a narrow margin to claim the title of the world's most powerful passport. A slight boost in Ireland's mobility score combined with a fractional dip in Switzerland's triggered this historic shift.

2025 Global Rankings (Top 10)

Rank Country Travel Score Taxation Total Score
1 Ireland 176 30 109.00
2T Switzerland 175 30 108.50
2T Greece 175 40 108.50
4 Portugal 176 30 108.00
5T Malta 171 40 107.50
5T Italy 175 40 107.50
7T Luxembourg 176 20 107.00
7T Finland 176 20 107.00
7T Norway 176 20 107.00
10T United Arab Emirates 179 40 106.50

Critical Analysis & Observations

The Rise of Greece

Greece emerged as one of this year's strongest performers, climbing four places to tie for 2nd with Switzerland. The expansion and streamlining of its tax incentive programs (flat-tax) have significantly enhanced its appeal among global citizens.

Portugal and Malta

Despite an increased overall score, Portugal has been edged into 4th position by Greece's strong performance. Meanwhile, Malta surged from 14th to joint 5th, thanks largely to renewed interest in its non-dom tax regime.

The UAE's Correction

Topping the index just two years ago, the UAE continues its descent, falling to joint 10th. While maintaining best-in-class mobility, the arrival of corporate tax and a narrow dual-citizenship framework have recalibrated its position.