Your Partner in Seamless International Business Operations

What is a Cross Border CFO?

The shift towards virtual operations, accelerated by COVID-19, has unlocked new possibilities for businesses and employees to operate remotely. Businesses owners have become more mobile and are not necessarily residing in the same country as their respective businesses.  Employees have also been offered the opportunity of remote work.

However, relocating individuals and business owners operating across borders face significant challenges, such as navigating tax complexities, meeting regulatory requirements for establishing new businesses abroad, opening bank accounts, managing cash flow under South African Reserve Bank regulations, and hiring executives for offshore operations.

Our Cross Border CFOs address these challenges by liaising with professionals in foreign countries and providing expert advice on South African tax requirements and Reserve Bank regulations. We ensure smooth cross-border transactions by leveraging our strong network of highly skilled professionals across various jurisdictions.

We specialise in assisting:

  • South African business owners and companies operating between South Africa and the USA
  • South African tax residents working in the US 
  • US nationals working in South Africa

OUr Mission

Our mission is to empower businesses and individuals to seamlessly navigate the complexities of cross-border operations, with a special focus on managing tax implications, ensuring compliance, and facilitating fund transfers. We provide expert financial guidance, compliance support, and strategic insights, leveraging our global network of professionals to deliver smooth, efficient, and compliant international transactions.

What we do

Tax Compliance and Advisory

Comprehensive tax planning and compliance support to minimise your tax liabilities.

Regulatory Navigation

Guidance on South African and USA regulatory requirements to streamline your cross-border business activities.

Fund Transfer Facilitation

Assistance with efficiently and compliantly transferring funds from South Africa to other parts of the world.

Strategic Financial Planning

Tailored financial strategies and risk management to support your business growth and expansion.

Global Network Access

We have access to a wide network of highly skilled professionals across various jurisdictions to facilitate your international transactions.

Why Choose Out the Box CFO as Your Cross Border CFO?

Expertise

We have in-depth knowledge of the financial landscapes in South Africa, USA and Botswana.

Compliance-Focused

Our team ensures your business adheres to all relevant regulations and tax laws.

Client-Centric Approach

We provide personalised services tailored to your specific business needs and goals.

Trusted Partnerships

We’ve built strong relationships with global professionals to support your cross-border success.

Let us handle the complexities of international business for you, enabling your company to thrive and grow beyond borders.

BOOK A FREE CONSULTATION

By procuring the services of a Virtual CFO, whether on a part-time basis or only for specific projects, your company gains vital financial expertise without incurring the costs of an full-time CFO and a full-time finance department.

We understand that every business has different needs and challenges, so we price our services appropriately. We will work with you to create a package tailored specifically for your company’s goals and requirements – no matter how unique they may be!

As a Cross Border CFO we provide the following services to take care of these concerns:

Tax advice and compliance

  • Filing of tax returns in South Africa ensuring your tax affairs are in order.
  • Obtaining a Tax Compliance Pin letter from the South African Revenue Service (SARS). The certificate confirms that the taxpayer’s tax returns and payments are up to date.
  • Assisting with the process to change tax status from resident to non-tax resident (previously financial emigration).
  • Advising on the most efficient tax and legal structure for cross border operations with specific focus on eliminating double taxation.
  • Liaising with tax professionals in other jurisdictions to ensure full tax compliance with foreign tax regulations.

International Transfers

South African residents (only individuals) are allowed an annual discretionary allowance of up to R1 million without prior approval from the SARS.  Individuals can transfer additional amounts subject to prior approval from SARS.  Non-residents wishing to transfer funds offshore also need approval from SARS for certain transfers.    Businesses also need prior approval to transfer funds offshore.  In certain instances, approval is also needed from the South African Reserve Bank (SARB).

We submit and obtain Approved International Transfer (AIT) approvals from SARS and SARB.

Offshore transfers and currency fluctuations

In the dynamic landscape of cross-border operations, it’s crucial to continuously monitor financial risks, such as currency fluctuations, market volatility, and regulatory changes.

We assist in transferring funds offshore through our trusted partners and liaise with the SARB when needed.

We also develop and implement strategies to mitigate currency risks.

Strategic financial planning and monitoring

Operating in a foreign country requires a strong financial strategy to ensure your business can navigate the complexities of international markets.  A well-structured financial plan helps you to manage risks, allocate resources efficiently, and align your financial operations with your overall business goals.  Effective management of these goals – outlined in a budget – along with cash flow management and detailed forecasts, are essential for monitoring the growth and progress of the business.

Our team of fractional CFOs assist with financial management:

  • Outsourced Financial Management: We offer comprehensive outsourced financial management services, providing ongoing support to your business.

See more on what our Fractional CFOs can do for you

Finding great leaders for offshore operations

Finding the right leaders for your offshore operations can be a daunting task as you navigate unfamiliar business environments, legal frameworks, and cultural differences.   The right leaders can significantly mitigate these risks and drive growth for your business.

We help in bridging this gap. Through our cross-border CFO services, we tap into our trusted network of global partners to provide executive headhunting services, ensuring you find the ideal leader for your business.

Out The Box CFO