The U.S. Citizenship and Immigration Services has announced plans to implement EB-5 Regional Center site visits in the upcoming year. Daniel B. Lundy of Klasko Compliance discussed what Regional Centers should expect from USCIS site visits during the recent NES Financial EB-5 Innovation Summit. To find out how to prepare for USCIS site visits, watch [...]
The latest SEC enforcement action at Jay Peak is another black eye on the EB-5 program. At a time when the program’s future hangs in the balance, with regular hearings on Capitol Hill to debate whether to reform the program or terminate it, and in an election year, the timing is horrible. Appallingly, there are [...]
As the SEC ramps up its scrutiny of EB-5 offerings, it’s essential to work with a securities lawyer who is experienced in EB-5. Both the SEC and FINRA have specifically identified EB-5 in their 2016 examination priorities. EB-5 experts Batya Goodman, Michael Homeier, and Greg White discussed common issues in EB-5 offerings at the 2016 NES Financial EB-5 Innovation [...]
1031 exchanges have long been a way to preserve capital and defer capital gains taxes. Because every 1031 exchange is unique, it is crucial to work with a Qualified Intermediary (QI) who understands your client’s business and investment needs. As a CRE broker, lawyer, accountant, or other professional, you are always looking for a partner [...]
NES Financial would like to congratulate the following EB-5 Regional Centers on their USCIS approval for the month of March 2016: Bluegrass International Fund, LLC East Coast Regional Center, LLC Howard Hughes Hawaii Regional Center, LLC Mid-Atlantic Regional Center Yellow Rock Regional Center of Washington, LLC To keep your EB-5 Regional Center designation for 2019, [...]
NES Financial would like to congratulate the following EB-5 Regional Centers on their USCIS approval for the month of February 2016: American Lending Center New York Regional Center, LLC Americas Green Card Regional Center (Pending Termination) Ashcroft/Sullivan New England Economic Development Center Florida EB-5 Quantum Investments, LLC MCFI Nevada Savannah World Trade Center for Investment, [...]
NES Financial would like to congratulate the following EB-5 Regional Centers on their USCIS approval for the month of January 2016: American Immigration Group – NYRC American Lending Center Georgia, LLC Central Western Regional Center LLC Chicago First Regional Center Inc EB5 Capital – Oregon Regional Center EB5 Capital – Texas Regional Center EB5 Group [...]
Many issuers starting out in EB-5 believe they can manage the unique tracking requirements in-house. However, for most projects, tracking quickly becomes too complex to manage using a spreadsheet. To comply with I-829 requirements, the flow of each investor’s funds must be tracked from the initial subscription escrow, into the New Commercial Enterprise (NCE), through the loan [...]
1031 exchanges are an excellent way to preserve capital and defer capital gains taxes. No two 1031 exchanges are the same, so it’s very important to work with a 1031 Qualified Intermediary who understands your client’s business. As a commercial real estate broker, lawyer, or accountant, you are always looking for a partner who you [...]
To ensure successful I-829 filing, EB-5 issuers should establish procedures to track the flow of an EB-5 investor’s funds throughout the entire EB-5 lifecycle – not just through the escrow account. When an investor begins the EB-5 process, their funds are typically wired into a subscription escrow account, where they are then held until release [...]