UHY adds member firms in Nicaragua and Paraguay

02 June 2020 Consultancy.lat 2 min. read

Global accounting and advisory network UHY has expanded its presence in Latin America with the addition of new members firms in Nicaragua and Paraguay.

In Nicaragua, Managua-based Morales, Tellez & Asociados CÍa has joined the global network, providing UHY with an on the ground presence in Central America’s largest country. As part of the association, the local accounting and consulting firm will operate as UHY Auditores & Consultores. 

Founded in 2012, UHY Auditores & Consultores offers a full range of services include administration, management consulting, finance, accounting, tax consulting, human resources and digital, serving clients across many industries.

While its base is in Nicaragua, the firm has a client base that includes companies based in Costa Rica, Panama, Guatemala, Colombia and Honduras. To this end, the local firm will work closely with other UHY members in the region, including UHY Pérez in Guatemala, a member of UHY since 2008. 

UHY adds member firms in Nicaragua and Paraguay

Morales, Tellez & Asociados is led by managing partner Omar Pérez and senior partner Mario Tellez, and has two other partners and eleven professionals. “The global UHY network has over 8,200 colleagues sharing expertise and knowledge for the benefit of clients and these combined resources strengthen our offering,” said Pérez.

Meanwhile, in Paraguay, Consultoria Integral Del Mercosur joined UHY a few months ago, and has since rebranded as UHY Consultoría Integral Del Mercosur. The firm has a team of 26 staff and two partners, and has offices in Coronel Oviedo, Asunción, Villarrica and Ciudad del Este. 

Miguel Vera, managing partner of UHY Consultoría Integral Del Mercosur said: “The UHY network’s collaboration, combined with the reputable UHY brand, will give our firm a competitive edge in Paraguay and the wider region.

The Paraguay-based professional services group provides audit, accounting, tax, insolvency and corporate recovery, corporate finance, management and IT consultancy to a portfolio of domestic and international clients. 

Commenting on the expansion in the America’s, UHY’s chairman Dennis Petri said that the firm is delighted to welcome the two new members to the network. “This strengthens our regional market expertise and capabilities to serve our international clients who have a business presence in Nicaragua and Paraguay.”