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For Robert Labbe, General Counsel of Global Premier America Regional Center, working with NES Financial doesn’t just mean streamlined EB-5 administration, it means setting his RC’s projects apart from the competition when marketing to investors overseas.
What is EB-5?
The EB-5 immigrant investor program enables foreign nationals who seek permanent resident status in the U.S. to invest capital in commercial enterprises that create local jobs and satisfy certain requirements in return for a Green Card. The program was created by the Immigration Act of 1990 and is administered by the USCIS.
What are the basic requirements of the EB-5 program?
Participation in the EB-5 program for a prospective U.S. immigrant involves an at risk investment of $1 million, or under certain conditions a $500,000 investment. If the investment creates or preserves at least 10 full time jobs within two years, then the investor is eligible to receive a permanent Green Card. In order for the investor to satisfy the requirement, the EB-5 issuer (typically a developer or USCIS approved Regional Center) must carefully track the life cycle of the investment against the expenditures that support the targeted job creation. As with any government program, the compliance requirements are substantial and the corresponding level of complexity for the issuer is high.
NES Financial provides technology-enabled services for the efficient middle and back office administration of highly specialized financial transactions. Our custom solutions include EB-5 escrows, 1031 exchanges, and fund administration transactions. Many of the world’s largest financial institutions and corporations rely on our proprietary technology, unparalleled expertise, and outstanding services to ensure the secure, transparent, and compliant management of funds. Recognized as the 2013 EB-5 Service Provider of the Year and by Inc. Magazine’s 500|5000 as one of the fastest growing private companies in America two years in a row, NES Financial helps companies lower operational costs, reduce risk, and improve ROI.
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