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Irish Passports Are One Of The Best Passports For Entrepeneurs

Irish Passports Are One Of The Best Passports For Entrepeneurs

The study takes a number of factors into consideration such as visa-free travel, international taxation laws and global perception.

Gary Grimes

Gary Grimes

Irish people have a history of emigrating that spans centuries - from our ancestors fleeing to the US to escape the devastating effects of the Famine to millennials sewing their wild oats on Bondi Beach, it's as if the grass has always seemed greener abroad for citizens of the so-called Emerald Isle.

It may surprise you to learn however that in a recent study into the most advantageous passports for businessmen and women to possess, the Irish passport came close to taking the top spot.

Coming in joint second place with Sweden, the study takes a number of factors into consideration such as visa-free travel, international taxation laws, global perception, dual citizenship, and personal freedom.

The report, which was compiled by Nomad Capitalist, declared a Luxembourg passport to be the the crème de la crème of passports to have if you consider yourself something of an entrepreneur.

Speaking to the Irish Times, Andrew Henderson, the founder of Nomad Capitalist commented: "Ireland offers one of Europe's lowest corporate tax rates, yet its passport's visa scores are among the highest. The country's excellent reputation makes travelling as an Irish citizen generally hassle-free."

Other countries taking spots in the Top 10 are Switzerland, Belgium, Finland, Portugal, Singapore, the Czech Republic, and the Netherlands.

The passports which offer the least opportunities across the board are Afghanistan, Iraq, Yemen, Syria and Eritrea. Surprisingly, the US placed at only 42 on the list and is apparently on track to drop further due to a lack of visa-free travel opportunities.

It's also not just this study which has put Irish passports in a flattering light as it also ranked in the Top 10 of reports issued by Arton Capital and Henley And Partners in the last year. Maybe the grass is green here after all?

Featured Image Credit: Photo credit: oh_darling on Flickr

Topics: Ireland