Over 100 real estate developers, EB-5 regional centers and other members of the EB-5 industry attended Klasko Immigration Law Partners’ full day seminar entitled “The Successful EB-5 Project: Development, Marketing and Compliance.”
This full day seminar was held on September 17, 2015 exclusively for EB-5 Regional Centers and Developers interested in working with EB-5 financing. Speakers covered the entire EB-5 process from the decision whether to include EB-5 in the capital stack to the last investor’s condition removal – and everything in between – and provided attendees with cutting edge information to help navigate this complex and evolving program.
The Hot Topics portion of the program covered the following:
- Status of the regional center program extension legislation
- USCIS August 10 Policy Memorandum regarding sustaining investments
- Impact of changes in Visa Bulletin effective October 1
- New FINRA policy on broker-dealers
- Recent SEC enforcement actions
According to firm chair and EB-5 practice leader H. Ronald Klasko, Esq., “We hosted our second EB-5 seminar this year because we couldn’t accommodate everyone on the waiting list for our February seminar. Given the very favorable reaction of our clients and the EB-5 community, we intend to make this a regular event.”
The EB-5 Visa category was created by Congress to stimulate foreign investment and job creation in the U.S. It allows certain foreign investors and their spouses and minor children to obtain permanent residence in the U.S. if the investor: invests $500,000 or $1 million into a new commercial enterprise in the U.S. and the investment results in the creation of at least 10-full time, permanent jobs for U.S. workers. Investors may invest either through a Regional Center or directly into a business.