NES Financial has added a new, purpose-built fund administration suite to its current lineup of EB-5, 1031 exchange, and private equity solutions. The Opportunity Zone Fund Administration Suite leverages NES Financial’s award-winning eSTAC® administration technology to provide maximum security, transparency and compliance to the burgeoning Opportunity Zone Fund industry.
Opportunity Zone Funds (OZFs) are qualified private-sector investment vehicles that invest at least 90 percent of their capital into Opportunity Zones — targeted economically distressed areas across the U.S. Under rules outlined in 2017’s Tax Cuts and Jobs act, Opportunity Zone Funds offer investors lucrative tax breaks, including temporary tax deferral and partial elimination of taxes on an investor’s realized capital gains, and total elimination of taxes on all capital gains due to the appreciation of the OZF investment.
Read the full press release by clicking here.
Allow us to address your business needs by contacting us. We look forward to hearing from you!