Taiwan's passport has a global power rank of 28th based on the number of countries it can be used to visit without pre-visa requirements, according to rankings compiled by Canadian financial advisory firm Arton Capital.
Pakistan's passport continues to be ranked among the lowest coming in at 92 with visa-free travel to only eight and visa on arrival to 27.
"We determine the strength of the passport based on the ability of the citizens of a country to travel to another country without the need for a visa in advance and obtaining visa access from the airport", said Arton.
"More and more countries are placing an importance on the power of their passports, and how freely their citizens can travel across the globe", said Armand Arton, president of Arton Capital, the inventors of Passport Index.
It beat last year's number one, the Singaporean passport, which is joint second with Germany, which was also in this spot in 2017. "The achievement coincides with "Year of Zayed" & UAE's 47th National Day, adding to UAE's numerous accomplishments in various domains", the Dubai Media Office tweeted. Pakistan's western neighbor Iran has achieved 42nd spot on the list with its citizens able to travel visa-free to 12 countries.
In third place was Denmark, Sweden, Finland, Luxembourg, France, Italy, Netherlands, Spain, Norway, South Korea and the United States.
The UK ties for fourth place with Belgium, Austria, Japan, Greece, Portugal, Switzerland, Ireland and Canada on 164 countries. Emiratis, however, still need visas to enter 31 countries on the globe.
At the other end of the table, the least powerful passport is that issued by Afghanistan, which offers visa-free access to just 29 countries. Both countries allow entry without prior visas to 166 countries, according to the index.
Similarly, Singapore and Germany ranks second and third respectively.
The Ministry of Foreign Affairs and International Cooperation launched the UAE Passport Force initiative to place the Emirati passport on the list of the five most powerful passports in the world by 2021, however, the country has achieved this goal three years before the dateline.