Page 208 - ENVISAGE - Souvenir 2024 - Flip Book

Our CA Profession in the Region

CA Surinder Sareen

The Chartered Accountancy (CA) profession in the UAE is a prestigious and highly sought-after career, offering
professionals opportunities across various sectors, in-cluding banking, finance, taxation, auditing, key advisors,
auditors, and financial analysts, contributing to the financial health, transparency, and credibility of busi-nesses,
governments, and organizations. As the UAE aims to diversify its economy, the demand for skilled financial
professionals has surged, making it an excellent career choice. In recent years, the introduction of VAT, economic
substance regula-tions, and the upcoming global minimum tax initiatives under the OECD’s BEPS (Base Erosion
and Profit Shifting) framework have made the role of chartered ac-countants even more crucial.The presence of
international firms and a strong regu-latory environment also offers ample opportunities for CAs to excel. It’s amply
sup-ported by our prestigious ICAI (Dubai Chapter) and also by Members’ Taxation So-ciety wherein anyone from
any nationality with any education level can join and take the advantage of their taxation trainings and education.
Privileged to be their member.

Globally, the economy is facing a period of uncertainty due to inflation, supply chain disruptions, and geopolitical
tensions. Many advanced economies, such as the US and EU, are experiencing education slower growth, while
emerging markets like India and China are seeing mixed results. High inflation in many countries has led central
banks to increase interest rates, putting pressure on global economic activity. In India (Bharat), the economy is
seeing steady recovery post-pandemic, driven by strong domestic demand and significant reforms. However,
inflation and unemployment remain challenges, and the government is focusing on infrastructure development
and digital transformation to sustain growth. With its growing consumer base and improving business climate,
India continues to be one of the world’s fastest-growing economies, making it a key player in the global economic
landscape.

Many of our professionals have contributed to the international CA community, serving in leadership roles in
global financial organizations and consulting firms highlighting Bharat’s expertise in cross-border taxation, global
business expansion, and international financial regulations.

Also watch out Saudi Arabia and Gujrat International Finance Tec-City in coming times for professional growth.

With Respect and Gratitude,
Surinder Sareen

208 www.icaidubai.org

42 nd ANNUAL INTERNATIONAL
$5 Trillion
Economy CONFERENCE 2024-25
ONOM
Y
OFESSION, BHARA
PR
PROFESSION, BHARAT & WORLD ECONOMY
LD EC
OR
T & W