ISLAMABAD – Having a second passport has become more of a status symbolthese days. While there are many countries that offer quick residencypermits, there are nations that provide citizenship in return for yourinvestments in their local businesses.
Talking about passports it should also be noted thatcurrently, Singapore has the world’s “most powerful” passport, according toa global ranking topped for the first time by an Asian country with Indiafiguring at 75th position, three notches better than its previous ranking.
While Germany is ranked second, followed by Sweden and South Korea in thirdplace. Paraguay removed visa requirements for Singaporeans, propellingSingapore’s passport to the top of Passport Index’ most powerful rankingwith a visa-free score of 159.
Historically, the top 10 most powerful passports in the world were mostlyEuropean, with Germany having the lead for the past two years. Since early2017, the number one position was shared with Singapore, which was steadilygoing up,
But did you know a surprising number of nations provide residency and evencitizenship in exchange for a minimum real estate investment.
Belgium is the European country where a property purchase worth $416, 000(Pak Rupee 5 crore) will get you the citizenship.