Today, the Indian CA qualification is well recognized in many countries and we find that many young Indian CAs are able to take up attractive global careers and start work immediately.
The Indian CAs are highly sought after around the world because of their skill sets and high quality of education. The Chartered Accountancy profession is an exciting one, recession proof, provides good job security even during times of crisis.
Most Popular Destinations for Indian CAs –
1. Gulf Region
Borders are no bar to knowledge professionals and Chartered Accountants, and the younger lot of CAs are especially proving that right. Although their outbound destinations include different parts of the world, one of their most favorite destinations is the Gulf region, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
The resurgent Gulf region offers excellent growth opportunities to thousands of Indian Chartered Accountants who are extremely successful and they are highly respected for their commitment and hardworking attitude.
Today, more than 20,000 CAs work in the Gulf region and are offered attractive pay packages.
2. Australia
Indian Chartered Accountants in Australia have been writing remarkable success stories over the years. Currently, the Indian CAs have excellent career opportunities in Sydney, Melbourne, Brisbane, Perth, Adelaide and Canberra.
ICAI has signed Mutual Recognition Agreements-MRA’s with the Institute of Chartered Accountants in Australia (ICAA) and with Certified Practicing Accountants (CPA) Australia so that the Indian CA is recognized in Australia through principles of reciprocity.
The ICAA, with 62,000 members, represents Chartered Accountants in Australia while the CPA in Australia is one of the world’s largest accounting bodies with a membership of more than 150,000 finance, accounting and business professionals in 121 countries across the globe. Australia attracts a lot of Indian CAs because of excellent pay packages in the Banking, Pension and Insurance sectors, challenging work atmosphere and luxurious lifestyle but the individual income tax rates are quite steep.
3. SAARC Countries
Indian CAs have a strong presence in the SAARC Region and we find that many Indian CAs working in Nepal, Bangladesh, Pakistan, Srilanka and Bhutan are highly successful. ICAI closely works with the Institute of Chartered Accountants of Nepal (ICAN), Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Chartered Accountants of Bangladesh and Institute of Chartered Accountants of Srilanka, and has initiated discussions with them for MoUs on knowledge sharing and mutual recognition.
4. United States of America
Through AICPA America is another favourite destination for Indian CAs. ICAI is working towards working with AICPA– The American Institute of Certified Public Accountants which is the largest accounting body of the world, for mutual recognition.