Nomad Capitalist, a U.S.-based tax and immigration consulting company, recently released the Nomad Passport Index 2023. The Hong Kong (HK) passport fell from 44th place last year to 54th this year, while the United Arab Emirates jumped 31 places to the top of the list, while Macau, Taiwan, and China ranked 70th, 72nd, and 128th, respectively.
Some academics say that the drop in the ranking of HK passports has undoubtedly cast a shadow on the international image of Hong Kong.
The report rates passports issued by countries around the world in five areas, including the number of travels (50 percent), taxation (20 percent), freedom (10 percent), perception (10 percent), and dual citizenship (ten percent)….