UK passport 4th powerful in the world

UK passport is ranked as the fourth powerful passport in the world despite the UK is headed for Brexit. This was revealed by passport survey by Henley & Partners 2018 passport rankings.

 

UK passport

 

The report mentions that nationals of the UK, the US, and the EU have not seen any improvement in their global access since 2017.

According to Prof. Dr. Florian Trauner, Research Professor at the Institute for European Studies at the Free University of Brussels, EU member states including the UK are unlikely to see their passport power improving so long as their own inbound travel policies remain restrictive.

“The current political climate in the EU is not conducive to more liberal admission policies. In the wake of the Brexit vote, the UK has been trying to install a stricter immigration regime vis-à-vis both EU and non-EU citizens,” says Prof. Trauner.

 

United Kingdom attracts high net-worth individuals and families with UK tier 1 investor program, which is a fast track way to British citizenship.

The UK never lost its shine attracting many wealthy millionaires despite Brexit. In fact Brexit, fueled more HNWIs to pour into UK.

 

UK passport rankings

 

According to Independent,  The number of millionaires and billionaires applying to move to the UK as part of a special visa programme aimed at attracting rich immigrants rose 46 per cent last year.

In the 12 months to 30 March, 405 high net worth and ultra-high net worth individuals applied to come to the UK on a Tier 1 investor visa. Applicants for the visa, which allows people to stay in the country for three years, must have at least £2m to invest in the UK.

Of the total applications, 123 came from China, up from 98 the year before, with 52 coming from Russia, up from 34, and 24 from Turkey, compared with 13 in the preceding 12 months.