By expanding your presence in other countries, you will be required to arrange payments to other stakeholders in various currencies and with different deadlines.
This can presents you with other challenges, for example navigating different bank procedures and regulations, appointing a trusted person as a signatory and hand over to this individual the authority to make payments.
At WellTax, we can take cake of some or all aspects of your cash management function. You can provide us with the payment instructions on a biweekly or monthly basis and appoint a member of our team as an additional signatory on your bank account. When needed, we will also liaise with local banks to resolve any issues regarding incoming or outgoing payments.