Palau
Passport Ranking - 58th
Palau passport has a good ranking with the 58th position according to the Top Passports index which is an exceptional performance for such a small country. Palau Passport rankings in mobility, investment, and quality of life vary from good to high which ensured it a good position.
91st
Mobility Index
Mobility Index
21st
Investment Index
Investment Index
43rd
Quality of Life Index
Quality of Life Index
Mobility Index
score
61.1
The performance of Palau passport in mobility is moderate. It ranks 91st which affected the passport strength negatively.
Palau passport holders have free access to 121 destinations in the world where no visa is needed or just a visa on arrival or electronic travel authorization (eTA) is required.
Palau
Top Passports Rank: 58
Destinations: 121
67
Visa free
Visa free
51
Visa on arrival
Visa on arrival
3
Electronic Travel Authorization (eTA)
Electronic Travel Authorization (eTA)
77
Visa required
Visa required
Investment Index
score
67.6
Achieving a high rank in investment contributed greatly to improving Palau passport power. Its performance in this factor is outstanding with the 21st position.
Investing in Palau turned out to be an attractive choice for expats Since 2011 when the government managed to carry out many reforms in order to increase the investment flows. The strong banking sector and free trade zone and tax-free zone that the country provides keep attracting an increasing number of investors.
GDP
GDP
$268.4 million
GNI per capita
GNI per capita
$19.580
Personal tax rate
Personal tax rate
19.6%
Quality of Life Index
score
71.5
The ranking of Palau in quality of life is high and helps keep its passport in a good position. Palau’s lifestyle aspects are attractive to people from different cultures as it is uniquely influenced by both American and Japanese cultures.
Palau ranks 43rd in the Quality of Life Index, in which these criteria are considered:
Sustainable Development
Very high
The Sustainable Development Report 2021.
Freedom
Free
Palau scored 92/100 in Global Freedom Status.
Cost of living
High
The Cost of Living Index.
Environmental performance
Low
The 2020 Environmental Performance Index (EPI).
Happiness
Very high
The World Happiness Report 2022.
Migrant acceptance
Medium
Gallup’s Migrant Acceptance Index.
About Palau
Palau, officially the Republic of Palau, is an island country located in the western Pacific consisting of about 340 islands. It has maritime boundaries with international waters, the Federated States of Micronesia, Indonesia, and the Philippines.
Capital
Ngerulmud
Ngerulmud
Language
Palauan
Palauan
Currency
United States Dollar
United States Dollar
Local Time
UTC+09:00
UTC+09:00
Demographics
Palau has a population of nearly 18.
Palauan and English are the official languages of the country.
The most dominant religious belief is Roman Catholicism followed by Protestantism.
Economy and Industry
Tourism, agriculture, and fishing are the main economic activities.
Palau’s taxes regime consists of three brackets with progressive rates varying from 15% to 19.6% for income taxes.
Palau’s crypto residency program was recently launched to diversify the economy.
Culture and Life
Palau is a blend of American and Asian cultures.
Palau’s education is compulsory for children until the age of 16.
Palau’s healthcare system consists of National Health Insurance and Medical Savings Account.
FAQ
Palau passport ranks 58th in the Top Passports Index. It allows its citizens visa-free travel to 121 countries in the world.
Palau doesn’t grant citizenship based on residency or marriage to a Palauan citizen. Only a person with at least one Palauan parent can get citizenship by naturalization.
Foreigners can apply for permanent residency in Palau after legally residing in the country for three years.
The quality of healthcare in Palau is considered relatively high and medical facilities are well-equipped.
Palau provides national health insurance that covers a large part of the medical costs and the Medical Savings Account that covers extra medical services.
Palau has a very low tax rate capped at 19.6% on income and 4% on corporates, in addition to zero taxes on sales.
To apply for a work visa in Palau you will pay a non-refundable application fee of $50.
Residents in Palau are liable to the same income tax at a rate of up to 19.6% as the citizens.
Bitcoin and other cryptocurrencies are legal in Palau, furthermore, the government presents a digital residency using blockchain for crypto investors.
Palau has one of the highest standards of living in the Pacific, however, some risks exist because of climate change.