The EB-5 Reform and Integrity Act of 2022 brought many changes to the EB-5 program. For the latest information, please click here.
I would like to provide some brief highlights of our September 17 seminar in Philadelphia, which many of you are already registered to attend. The seminar is entitled “The Successful EB-5 Project: Development, Marketing and Compliance.”
We were not planning on hosting two seminars per year. However, since our February seminar sold out and so many people who wanted to attend could not be accommodated, we have done two things. We are hosting a second 2015 seminar. Also, we have arranged for the seminar to take place at the beautiful Rittenhouse Hotel, which provides double the capacity of our February seminar.
Needless to say, the timing could not be better. This seminar will take place less than two weeks before the expiration of the present regional center program. We will be providing the most updated information available about the status of the extension and any changes that are likely to occur in the EB-5 program. We will also provide our analysis of the important draft memo issued by USCIS on August 10.
Some of the topics we have chosen are similar to topics from the February seminar, but with different speakers and different perspectives. For example, we will have three panels focusing on marketing of EB-5 projects, including all different agents from China, India and the Middle East; a broker dealer; project developers experienced in marketing in the Chinese market; and principals of EB-5 Market Connect and EB-5 Supermarket. I will also provide updates on the China market from my August trip.
We will have panels focused on the lifecycle of an EB-5 project starting with strategy decisions (capital stack, amount of EB-5 funding, whether to file an exemplar petition, etc.). The next panel will discuss putting together the team of professionals to prepare the EB-5 documentation. Our panel will feature some of the top EB-5 professionals, including economist, business plan writer, securities lawyer and escrow administrator. We will have a new panel entitled “Operating a Regional Center,” which will include some of the nuts and bolts involved in regional center decision making and operations. One of our most well received programs from February, entitled “Lessons from Successful Projects,” will feature regional center operators and project developers discussing the secrets of their success.
Compliance is among the hottest topics in the EB-5 world. We recently announced that Klasko Compliance and NES Financial have joined forces to offer complete software, technology and legal solutions to regional centers and developers to comply with their annual compliance and I-829 condition removal responsibilities. Our guest speaker on our compliance panel will be Reid Thomas, Executive Vice President of NES Financial.
Also, we will have USCIS as our “special guest” on compliance. Not really, but it is true that we will have a breakout room for regional center operators who want to hear the USCIS telephone engagement on I-924A compliance. There will be opportunities to ask questions to USCIS and then to hear commentary from Klasko Compliance and NES Financial during the panel following the stakeholders call.
Our program will conclude with an “Ask the Experts” networking reception during which all attendees will have the opportunity to interact with six of the Klasko EB-5 team lawyers and our guest speakers to get any final unanswered questions answered before they head home.
September 17 will be an exciting time in Philadelphia – one week before the visit of the Pope. We suggest you make your plans quickly (click for hotel listings), and we look forward to seeing you on September 17.
Register for this seminar. For additional details, click here.