Uprooting your whole life and moving to a different country can be quite a stressful period. So many things are unknown and that uncertainty can be intimidating, to say the least.
Relocating your existing business or starting a new one from scratch is a challenge all on its own. And some aspects require preparation and research in advance because regulations change depending on the country and navigating it isn’t always easy.
Whether you are looking for a new career opportunity or you are just in a need of an accountant after moving abroad, here are some of the top destinations when it comes to this line of work.
Singapore is a rapidly growing financial epicenter. Its government is supporting the business sector with a pro-business approach to increase economic growth.
This city-state is currently ranked as the most efficient and most competitive country in which to work and establish a company.
With its open immigration policy and mainly an English-speaking population, it is truly an ideal place for setting up a business (particularly in accounting and finance).
Switzerland’s economy is built primarily on finance and banking. So it is without a doubt one of the top destinations for accountants not just in Europe but in the whole world.
The country offers optimal conditions for foreign companies such as financial stability, solid infrastructure, liberal legislation, etc.
Bear in mind that some language skills are required. It would be useful to know German, French, or Italian depending on the part of the country you are moving to.
Australia and New Zeland
Australia has plenty to offer. Not only has its economy been ranked as the most resilient one but the general lifestyle is favorable for newcomers. With its low living cost, healthcare, and social benefits, it is an amazing place to start a new business venture.
New Zeland is emerging as one of the business-friendly locations by expanding its investments to the business sector and increasing its migration flow. The shortage of local finance workers means that the country is creating excellent conditions in order to attract foreigners.
Dubai is not just a popular tourist destination. As a part of the UAE, it has high living standards, affordable housing, hospitable and approachable locals, and warm weather.
But it is the business-liberal climate that is constantly attracting foreign professionals. As a result, accountant and finance jobs are rapidly evolving.
Highly qualified accountants and auditors in Dubai are in demand by other industries such as banking, real estate, leisure and hospitality, etc.
UAE and Dubai in particular, are a great (and profitable) opportunity to expand or relocate your business.
Bermuda and Cayman Islands
These two destinations are both a part of the British Overseas Territories and they are both known for their role as an international tax haven.
It is definitely not a surprise that Bermuda and Cayman Island found their place on this list. These off-shore industries are thriving, being the location of choice for many wealthy individuals, large accounting and professional service firms.
This breath-taking country is also one of the highest-paying ones in the world. For that reason, it is a prominent, business-friendly environment to establish (or relocate) your career.
Some of the major accountant players set up their offices at this remote destination. So finding a proper accountant expert for your business shouldn’t require a lot of effort.
It is also a great place if you are looking to establish your own accountant practice. However, be aware of the fact that you will have to be familiar with the language and be a member of the national regulatory body in order to become a licensed accountant.
As a very business-oriented culture, Japan’s financial sector is a crucial part of its economy in general. So, it is not a surprising fact that their accountant practice is going strong.
Here, your English language skills will be highly valued and sought-after, although that does not exclude you from learning Japanese as well.
Because in order to register your company through the proper channels you will need to have a working knowledge of the host language. This is especially important if you are looking to get into the accountant business yourself since you will have to get licensed at the Japanese Institute of Certified Public Accountants (JICPA).
For a native English speaker this a great opportunity since it removes the language barrier altogether. That is one less thing to think about!
Not only that you can easily find a Certified Public Accountant it is also a profession that is in constant demand. That means there is plenty of opportunity for business ventures (accountant and otherwise) in the USA.
Moving abroad is, more than often, a complex process and being aware of the accountant- related business prospects is just one aspect of it. However, it is an aspect that needs to be taken into consideration.
Knowing the potential advantages and risks could undoubtedly guide and determine your future business plans and your decision to relocate your life to another country.