Nearly 175 real estate developers, EB-5 regional centers and other members of the EB-5 industry attended Klasko Immigration Law Partners’ full day seminar entitled “EB-5 at a Crossroads.”
This full day seminar was held on September 9, 2016 and focused on EB-5 Regional Centers and Developers interested in capitalizing projects with EB-5 financing. This seminar provided the latest information and addressed the new EB-5 legislation on the horizon, new administrative compliance initiatives instituted by USCIS, unexpected impacts of quota backlogs, failed and fraudulent projects focusing new attention on EB-5 compliance protections, changes in customary escrow arrangements, redeployment of investor funds, and important changes in the project marketing landscape, among other cutting edge topics.
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.