its representation in the Middle East with the addition of a new
member firm in Tel Aviv, Israel. Shtainmetz-Aminoach & Co
becomes the network’s only Israeli member.
The firm, which is registered with the US Public Company
Accounting Oversight Board and a member of the Israeli Auditors’
Council, has 65 staff, including five partners. Its fee income for
the last financial year was about $4 million.
Shtainmetz-Aminoach & Co provides accounting, auditing and
tax services, as well as specialist services on international tax,
complex Israeli tax planning, taxation of pensions and provident
funds, and services on holding share options for employees.
The firm’s managing partner Amir Cahana said: “We are delighted
to be representing Israel within such a fast-growing global
“We hope our membership of UHY will allow us to deliver premium
client service, on a global scale, for the benefit of our
international clients. Our clients currently span the Americas,
Asia-Pacific, Europe and Middle East and Northern Africa regions,
so joining UHY seems a natural step to take in order to achieve our
business and client service objectives.”
UHY International chairman John Wolfgang said
Shtainmetz-Aminoach & Co will be a valuable addition to the
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“Israel has a technologically advanced and fast growing market
economy, and is renowned as a hub for start-up businesses, many of
whom trade on an international basis from day one,” he said. “The
Israeli government has gone to great lengths to encourage foreign
investment, and this is evident with Israel becoming the base for
the largest number of NASDAQ listed companies outside North
The firm is the ninth new member to join the UHY network since
January 2008. Other recent additions include Nigerian firm Maaji
& Co. In Brazil, the network recently added a firm with about
70 people. There have also been additions in Puerto Rico and