On July 23, the latest ranking of the highly anticipated Henley Passport Index was announced. Singapore and Hong Kong, two major financial centers in Asia, both performed well in this ranking and became the focus.
Today, we will analyze the passport rankings of these two regions in depth and explore their respective advantages and characteristics.
01
Singapore passport ranks first in the world
Hong Kong passport ranking rises
In the latest Henley Passport Index ranking, Singapore stands out from many countries and wins the honor of the world's most powerful passport. Holders of Singapore passports can enter 195 countries and regions in 227 travel destinations around the world without a visa.
Hong Kong's performance is still outstanding this time, ranking up one place from last year, ranking 18th in the world. Holders of Hong Kong passports can travel to 170 countries and regions around the world without a visa.
Although Hong Kong is slightly inferior to Singapore in terms of global travel convenience, the overall strength of Hong Kong passports is still strong and can meet the travel needs of most people.
02
What are the advantages of Singaporean passport and Hong Kong passport respectively?
Both Singaporean passport and Hong Kong passport are widely regarded as one of the most valuable passports in the world, especially in the fields of business, asset allocation, education, etc., where holders can enjoy certain preferential treatment and convenience.
1. Comparison of business advantages
As one of the most important financial hubs in Asia, Hong Kong and Singapore both have advantages such as a sound legal system and an open market environment. But overall, Singapore is more suitable for innovative enterprises to settle down, while Hong Kong is more suitable for enterprises in the traditional financial industry.
? Singapore
Singapore is a hub in Southeast Asia and has become a gateway for enterprises to enter the Southeast Asian market. In addition, its complete hardware facilities, rich talent resources and strong support from the government have made it the world's most suitable city for business for many years.
In addition, Singapore has signed free trade agreements with many countries and regions, which can help entrepreneurs cross borders and enjoy global trade convenience and market access advantages.
? Hong Kong
In the 2024 global financial center rankings, Hong Kong regained the top spot in Asia. Whether it is business environment, human capital, infrastructure, financial industry development or international reputation, Hong Kong ranks among the best in the world.
Earlier, at the 2023 Global Annual Meeting of the International Financial Forum (IFF), Hong Kong Chief Executive John Lee said that Hong Kong is the world's largest offshore RMB business center, and the Hong Kong government will take a series of measures to actively consolidate and enhance the competitiveness of Hong Kong's international financial center.
2. Tax advantage comparison
Both Singapore and Hong Kong have a complete and attractive tax system, but each has its own advantages in different taxes, tax incentives, etc.
? Singapore
Singapore has few tax types and low tax rates. It implements the principle of territorial taxation and a single tax system. Specifically, the corporate income tax rate is 17%, and the personal income tax is implemented in a tiered system, with a maximum of 24%. At the same time, Singapore has no capital gains tax, dividend tax, inheritance tax, etc.
? Hong Kong
Hong Kong implements low tax rates and a simple tax system. The maximum personal income tax does not exceed 17%, and the corporate income tax rate is 16.5%. In addition, Hong Kong has no capital gains tax, gift tax, inheritance tax, value-added tax, sales tax, business tax, etc.
3. Comparison of educational advantages
As a place where Chinese and British cultures converge, Hong Kong and Singapore are both world-renowned for their excellent education quality and rich educational resources. But in terms of higher education alone, the quality of local universities in Singapore is better than that in Hong Kong, while the number of local universities in Hong Kong is better than that in Singapore.
? Singapore
In the latest 2025 QS World University Rankings, the National University of Singapore topped the list in Asia and ranked eighth in the world, while Nanyang Technological University also jumped to 15th place, demonstrating its continued rise in academic strength.
? Hong Kong
Currently, there are 8 government-funded public universities in Hong Kong: the University of Hong Kong, the Chinese University of Hong Kong, the Hong Kong University of Science and Technology, the Hong Kong Polytechnic University, the City University of Hong Kong, the Hong Kong Baptist University, the Lingnan University of Hong Kong, and the Hong Kong Institute of Education.
In the 2025 QS World University Rankings, the University of Hong Kong, the Chinese University of Hong Kong and the Hong Kong University of Science and Technology are among the top 50 in the world, ranking 17th, 36th and 47th respectively.
In summary, both the Singapore passport and the Hong Kong passport are of great value and have their own characteristics and advantages. They can be processed according to personal actual conditions and needs.
If you want to know more details, please contact Xingyunhai International, we will provide you with tailor-made exclusive services.
Cyprus
Turkey
Saint Kitts and Nevis
Greece
