There are unlimited countries in the world. All of them differ on the basis of the economy, area, population, beauty, and success. In today’s article we’re going to discuss the 10 richest countries in the world You might be curious about the richest county in the world don’t stop reading to get your answer
List of countries with the highest GDPs per capita:
1. Luxembourg:
GDP per capita (USD) 141,590
According to GDP per capita, tiny Luxembourg is the richest nation on earth. Throughout the region of Europe, Luxembourg offers easy access to the market. Despite being landlocked, it serves as a center for a number of transcontinental transportation networks, including highways, rail lines, and maritime shipping routes.
Business developments and foreign investment are promoted by strong economic policies. Tax breaks are available for foreign businesses, and the immigration process for their employees is
simplified.
The workforce of Luxembourg is highly educated and qualified. All of their citizens hold a master’s or bachelor’s degree. Because of this, a large number of companies have opened offices in Luxembourg, fostering the country’s economic expansion and raising its GDP per capita.
How to live in Luxembourg:
Since Luxembourg is a member of the EU, its citizens may live there visa-free. Non-EU nationals will need a resident visa, which can be obtained by employment, education, financial independence, or an
investment of at least €500,000 in Luxembourg.
Luxembourg is a perfect choice if you’re seeking EU citizenship. After just 4_5 years of residency, you can apply for citizenship in Luxembourg. Another plus point is that you can have two nationalities as Luxembourg provides dual nationalities.
2. Singapore:
GDP per capita (USD) 131,430
Singapore is the second-richest nation in the world in terms of GDP per person, according to the IMF.
The highly developed free-market economy, low levels of corruption, and business-friendly climate of Singapore is to blame for this.
Since after independence in 1965, Singapore tried and worked hard to promote foreign investments. Utilizing clever strategies, such as tax incentives.
The tiny city-state also has a strong financial services sector and a booming manufacturing sector that manufactures pharmaceuticals and technological components.
Singapore benefits from its advantageous location as a major trading and transportation hub in Southeast Asia. Each year, the port handles billions of dollars worth of trade, making it one of the busiest in the world.
The next factor is the highly qualified workforce of Singapore. More than 75 percent of Singaporeans between the ages of 25 and 64 have finished upper secondary education. Nearly 50% hold degrees from universities.
How to live in Singapore:
In keeping with its image as a modern nation, Singapore offers a variety of overseas immigration
programs.
- For an Employment Pass (work permit), a Singaporean company must sponsor you and provide
employment. - For anyone looking to incorporate a new business in Singapore, there is the Entrepreneur Pass.
- The Personalised Employment Pass (PEP) is a unique work permit that is not connected to any one
employer in particular - Fast track to permanent resident status under the Global Investor Programme in exchange for a foreign
investment
3. Ireland:
GDP per capita (USD): 131,030
The Irish government has made significant educational investments recently, resulting in a workforce that is highly trained, university educated, and dedicated to innovation.
In Ireland, people between the ages of 15 and 64 make up more than two-thirds of the population.
Nearly a quarter have university degrees. Businesses across a variety of industries benefit greatly from the ensuing pool of highly qualified individuals.
Ireland is successful in attracting foreign investments as well. The country attracts multinational companies such as Facebook, Apple, and Microsoft. Having minimal corporate tax rates and business-friendly regulations.
Ireland gains by having close trading links with other nations, notably those in the EU and the US. In the industries of agriculture, food and drink, medicines, chemicals, machinery, and software, it is among the top exporters in the world.
How to live in Ireland:
Due to rights under the Common Travel Area, British nationals can relocate to Ireland with ease. Since Ireland is a member of the EU, residents of all EEA nations, as well as Switzerland, may travel there
without restriction. All other nationalities must get a resident visa, which is frequently awarded through employment or education. Ireland offers a residency program for investors that costs $1 million.
The Start-up Entrepreneur Programme (STEP) is another unique program designed specifically for foreign business owners.
After residing in the nation for a minimum of five years, any nationality may apply for Irish citizenship (which is also EU citizenship).
4. Qatar:
GDP per capita (USD): 113,670
The hosting country of the 2020s football world cup, Qatar holds the 4th position in the list of the top 10 richest counties in the world in 2023. The main sources of Qatar’s wealth are its huge oil and gas reserves. Qatar is the third largest country in the world in reserve natural gas.
The country is also a major producer of oil. Both oil and gas are exported from Qatar to other countries which is a huge income source for the country Qatar has a highly qualified workforce for education and healthcare which are the high investment resources of the country.
The considerable perks and subsidies that Qatar’s government offers to its inhabitants help to maintain the country’s high level of living. In addition, Qatar has a smaller population than most other nations, which means that its wealth is dispersed among fewer people.
How to live in Qatar:
If you want to be a resident of this wealthy country Qatar, you need your employee visa to be accepted and the country needs to sponsor your permit of residency.
Qatar is the most strict and hardest county to provide citizenship. You must have lived in the area for at least 25 years, speak Arabic fluently, demonstrate high moral character, and show that you have the resources to support yourself.
You will also need to give up your original passport because Qatar does not recognize dual citizenship and convert to Islam.
5. Switzerland:
GDP per capita (USD): 84,470
Swiss chocolate, world-class skiing, and charming mountain villages are well-known in their country. On the list of nations with the highest GDP per capita, it ranks fifth, making it one of the richest nations in the world. So why is this little Alpine country so wealthy?
Well, to begin with, the Swiss economy is very diversified, with flourishing industries in banking, manufacturing, healthcare, and finance.
In addition, Switzerland has a long history of political stability and neutrality, which attracts both corporations and people looking to stay out of conflict.
Additionally, Switzerland’s low corporation tax rate and effective infrastructure make doing business
there simple.
How to live in Switzerland:
Being a member of neither the EU nor the EEA makes Switzerland distinct from other countries in Europe. However, Swiss nationals continue to have the same rights to free movement within Europe.
Citizens of the EU and EEA are also allowed to relocate within Switzerland.
For non-EU nationals to remain in Switzerland, there are many requirements, such as visas and residency permits. One of the best but most challenging citizenship in the world for a foreigner to obtain is Swiss citizenship.
6. Norway:
GDP per capita (USD): 78,130
Norway is one of the top richest countries because of its blessed natural resources. This Nordic powerhouse is renowned for its breathtaking fjords, the Northern Lights, and its sovereign wealth fund, which is one of the largest in the world at $1.2 trillion.
Thanks to all these benefits, Norway has highly invested in health and education to the advantage of its citizen.
Furthermore, Norway’s good business climate and stable administration have attracted a large number of foreign investors, contributing to the country’s economic prosperity.
How to live in Norway:
Norway is a member of the European Economic Area (EEA), although not a member of the EU. As a result, anyone with a passport from an EU nation as well as Liechtenstein, Iceland, or Switzerland is free to go to Norway whenever they like.
Different regulations, such as those governing visas and residency permits, apply to non-EU citizens. You must have a reasonable salary and have lived in Norway for at least six years before applying for citizenship. Norway amended its laws in 2020 to recognize dual citizenship.
United Arab Emirates (UAE)
GDP per capita (USD): 77,270
UAE is a country that always impressed you from its stunning desert landscape to premodern skyline. But what exactly is the UAE known for?
First off, with a GDP per capita of US$77,270, this tiny nation in the desert is among the richest in the world. The UAE has a varied economy that includes tourism, finance, and construction in addition to having abundant oil reserves.
The UAE has a varied economy that includes tourism, finance, and construction in addition to having abundant oil reserves.
The United Arab Emirates additionally provides both businesses and individuals with a number of tax advantages.
For instance, there are no corporation taxes or personal income taxes. A value-added tax (VAT) of only 5% is also present. As a result, firms seeking to lower their tax obligations find the UAE to be a desirable location.
And finally, the desire for new infrastructure and development projects is driving a boom in the nation’s building industry.
How to live in UAE:
A residence permit for the UAE can be obtained by taking a job with a local firm.
Other methods comprise the following:
•UAE Golden Visa, a fantastic option for PhD holders.
•Permission to work as a freelancer
Launching a business Possessing real estate worth more than 1 million AED
•retirement-related residency visa
8. United States:
GDP per capita (USD): 75,180
The United States became the most powerful superpower in the shattered wake of World War 2. The nation has continued to grow stronger ever since. It currently has one of the highest GDPs worldwide.
However, the US is further down the list in terms of GDP per capita. This is due to the fact that it is a considerably larger country than, say, Luxembourg or Qatar.
The United States has an abundance of natural resources, such as coal, oil, gas, lumber, and productive agriculture, which contribute significantly to its wealth. It has the most advanced military in the world, as well as numerous top colleges and cutting-edge businesses.
As a result, many people around the world desire to immigrate to the United States in order to begin a new life, but doing so is difficult.
How to live in the USA:
There are numerous routes one can take to immigrate to the US, all of which have strict requirements.
A temporary “non-immigrant visa,” such as a student visa or an exchange visa, may be the first step for some persons, while a longer-term “immigrant visa” may be taken immediately by others.
If you meet the requirements for the latter, it all depends. Typically, that begins with being hired by a US-based business.
It can be difficult to immigrate to the United States, so we advise you to seek the assistance of a specialized immigration service.
9. Brunei Darussalam:
GDP per capita (USD): 74,200
The southeast Asian nation of Brunei Darussalam is tucked between the South China Sea and the island of Borneo.
Due to its wealth in natural resources, mainly oil and gas, and its well-developed economy, Brunei is one of the richest nations in the world despite its small size.
With high incomes, free public healthcare, and government housing and food subsidies, Brunei has a very high standard of living.
How to live in Brunei Darussalam:
Moving to Brunei is difficult as it is in many small, wealthy countries.
Most foreigners require a work visa, which is followed by a work permit, which requires sponsorship from a local business. Your work permit will typically only be valid for a set amount of time due to a quota system.
A battery of medical exams will also be required to demonstrate your fitness for duty and your lack of specific diseases (such as HIV or Hepatitis C).
10. San Marino:
GDP per capita (USD): 72,070
The small nation of San Marino, nestled on the Italian Peninsula, has a remarkably strong banking sector.
Numerous foreign banks have opened offices in the nation, which has attracted a wide range of foreign companies. San Marino has become one of the richest nations in the world thanks to this policy, which is combined with a significant focus on tourism.
Millions of tourists flock to the nation every year to explore its stunning beauty and historical sites, like the Guaita Tower, thanks to its strong tourism sector.
San Marino people benefit from first-rate healthcare, first-rate infrastructure, and easy access to the abundance of high-end consumer products because the country has such riches for such a small population.
How to live in San Marino:
San Marino is physically surrounded by Italy, an EU member state, yet it is not one of them. One of the finest ways to enter San Marino if you wish to reside there is by starting a business there.
A minimum of €150,000 must be contributed in addition to any investment in the business. For retirees from abroad, there are choices as well.
However, don’t look to San Marino as a means of obtaining a second citizenship. It’s one of the hardest places in the world to become a citizen since you have to live there for 30 years and give up your original nationality.
Also check: Most Beautiful Places in the World