compliance

Business and Immigration Due Diligence Including Third-Party Fund Administration

NES Financial offers a series of articles written by industry experts addressing current key issues in the EB-5 industry. This article by Edward C. Beshara, Business and Immigration Due Diligence Including Third-Party Fund Administration, explains the current state of the EB-5 investment program and provides information related to the amount of the investment required and the [...]

2017-05-12T02:45:05+00:00 March 30th, 2017|Categories: BLOG, Industry Insights|Tags: , , , , |

NES Financial Innovation Series Webinar: Next Generation Escrows

NES Financial’s Innovation Series kicks off with “Next Generation Escrows” on March 30, 2017 at 11:00 A.M. PST, and brings together the experience and expertise of Arnstein & Lehr’s Rohit Kapuria and NES Financial’s Reid Thomas. The EB-5 Regional Center Program continues to stand as a conduit for billions of dollars in foreign direct investment. [...]

2017-03-28T18:02:12+00:00 March 14th, 2017|Categories: BLOG, EB-5|Tags: , , , , , |

Selecting the Right Qualified Intermediary in a 1031 Exchange

Given the unpredictable state of today’s economy, many companies are selling business or investment property and buying other investment assets. By using a 1031 exchange in this process, companies can defer capital gains and depreciation recapture taxes. One of the requirements of using a 1031 exchange is that funds must be held in banks with [...]

NES Financial represented at 2017 Learn EB-5 Financing Seminar

NES Financial will be present at the 2017 Learn EB-5 Financing Seminar in Jupiter, Florida. The event will be hosted by EB5 Affiliate Network on March 10 at the Admiral’s Cove Country Club. Reid Thomas, Executive Vice President at NES Financial, will present on the importance of transparency and third-party oversight in today’s EB-5 market, [...]

2017-02-23T17:38:41+00:00 February 23rd, 2017|Categories: Events|Tags: , , , , |

Stronger integrity measures in store for a long-term EB-5 extension

Even as the EB-5 Regional Center Program received another short-term extension on December 9 with the Continuing Resolution, comprehensive program reforms and a long-term extension are projected before April 2017. In recent legislative draft proposals, a strong emphasis has again been placed on protecting stakeholder rights. The proposal language mirrors previous EB-5 legislative drafts, which [...]

2016-12-20T00:55:36+00:00 December 16th, 2016|Categories: EB-5|Tags: , , , , , |

EB-5 Regional Center Program extended through April 2017

Replicating the high drama of the September 29 continuing resolution, the EB-5 Regional Center Program is set for another short-term extension through April 28, 2017. On December 6, 2016, Congress signaled that it would pass a new CR through a House-introduced Further Continuing and Security Assistance Appropriations Act. The Senate finally passed the CR with [...]

2017-02-14T20:30:04+00:00 December 10th, 2016|Categories: EB-5|Tags: , , , , |

NES Financial completes SSAE 16 examination

NES Financial has once again successfully completed its annual compliance examination. Formerly known as SAS 70, the SSAE 16 SOC 1 Type II examination is a recognized compliance and controls standard used by leading banks and service providers across the financial industry. The examination mandates an in-depth review of control objectives and procedures throughout the [...]

2017-04-28T19:54:38+00:00 November 15th, 2016|Categories: NES Financial|Tags: , , , |

NES Financial Completes SSAE 16 Examination

San Jose, CA, November 15, 2016 – NES Financial, a FinTech company with leading fund administration, loan servicing, EB-5 administration, and 1031 tax deferred exchange services, announced today the successful completion of its annual compliance examination. Formerly known as SAS 70, the SSAE 16 SOC 1 Type II examination is a recognized compliance and controls [...]

Private Equity Perspective: Band-Aids on bullet wounds!

For an industry that can’t even agree on common valuation guidelines, it comes as no surprise that software solutions exist in the same sort of patchwork orange, varying considerably from one private equity firm to the next. It might be said of private equity or private real estate that everyone does the exact same thing [...]

What everybody ought to know about the EB-5 Account Transparency Requirement

In recent years and as a response to isolated, high-profile fraud reports, several bills have been introduced in the House and Senate to include enhanced integrity measures that would reform the EB-5 Program and the EB-5 industry itself. With S. 1501 and H.R. 5992, respectively the American Job Creation and Investment Promotion Reform Act of [...]

2017-05-12T03:33:04+00:00 November 2nd, 2016|Categories: EB-5|Tags: , , , , |