The upcoming webinar will feature industry experts discussing strategies for compliance with the EB-5 Reform and Integrity Act of 2022
San Jose, CA. April 27, 2022 – Fund administration leader JTC Americas has announced a free webinar presented in conjunction with law firm Greenberg Traurig, LLP to help EB-5 industry stakeholders understand the Regional Center program’s new rules.
Titled “The Right Time is Now: Succeeding with EB-5 in 2022,” the webinar, which will be held May 11th, 2022, will feature a panel of industry experts discussing important EB-5 topics such as what Regional Centers need to do in order to be designated or redesignated under the new law and what must be done before Regional Centers investors can begin filing immigration petitions.
JTC Americas, the North American arm of JTC, is the only provider of purpose-built third-party fund administration for EB-5, offering solutions that can be configured to projects of all sizes, an award-winning online portal for 24/7 project visibility, and an experienced client services team. The company also has an all-in-one EB-5 escrow solution that allows for faster and more secure deployment of funds with industry-leading compliance tools.
Greenberg Traurig, LLP’s Immigration & Compliance Practice represents businesses, organizations, and individuals from around the world on a wide range of immigration matters and visa needs. The firm has received a first-tier ranking for Immigration Law in the U.S. News Best Lawyers “Best Law Firms” report every year since 2011 and was honored by The National Law Review as a 2018 “Go-To Thought Leader” for its coverage of immigration issues through the firm’s Inside Business Immigration and EB-5 Insights blogs.
The EB-5 Reform and Integrity Act of 2022 reauthorized the Regional Center program for five years, through September 30th, 2027. Along with reauthorization, the bill introduced a long list of new integrity measures and rules, some of which are still being refined by U.S. Citizenship and Immigration Services. While reauthorization was welcome news for the industry, Regional Centers are still grappling with what the new rules mean and how to remain compliant in this new era of EB-5.
At the webinar, experts from JTC and Greenberg Traurig will discuss topics including the situations in which a fund administrator is required under the new law and what that fund administrator needs to be able to accomplish for the project, as well as the proper timeline for adding new record-keeping and compliance procedures to ensure all documentation is in order. They’ll also walk-through specific scenarios to help issuers understand the nuances of the new rules.