Read the article Commonly, USCIS challenges to EB-5 petitions may allege an investment is not eligible because it either (a) is not held “at risk,” (b) constitutes a “debt arrangement,” or (c) will result in a “guaranteed redemption.” However, though these terms differ substantially, the distinctions are poorly understood by many EB-5 professionals [...]
Comments to the Treasury on Data Collection and Tracking for Qualified Opportunity Zones Nonprofit affordable housing advocate Enterprise Community has published its comments on the latest round of OZ guidance. “Enterprise believes the collection and public reporting of meaningful data on qualified opportunity funds (QOFs) and their investments into designated Opportunity Zones (OZs) are critical first steps towards ensuring the OpportunityZones tax incentive [...]
NES Financial announced today that it has been contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to investUS — a New Mexico–based Opportunity Fund that plans to deploy $100 million into real estate and business projects in Opportunity Zones (OZs) around the country. investUS’s management says it takes a “triple bottom line” investment [...]
What are Opportunity Zones funds and 1031 exchanges? Both Opportunity Zone funds and 1031 exchanges are ways of reinvesting gains from the sale of property into other property in order to avoid current taxation and obtain valuable tax benefits. Both regimes were created by Congress and codified in the Internal Revenue Code. Both are important [...]
Read the article The EB-5 marketplace continues to evolve, and USCIS’s standards along with it. In recent years, a number of unofficial “rule” changes have trickled down to regional centers and projects, mostly by way of increased enforcement action. In this month’s featured article, Phil Cohen (founder of consulting firm Strategic Element, Inc.) [...]
Opportunity Zones Give Big Law ‘Pop-Up’ Teams Plenty of Work The pop-up teams tackle thorny issues relating to the new law, which attorneys call "unusually broad." A number of Big Law firms have created “pop-up” working groups of tax, real estate, and private funds lawyers specifically to advise Opportunity Zone clients. In fact, the new OZ space may turn [...]
NES Financial, a Silicon Valley FinTech company providing technology-enabled solutions for the efficient back- and middle-office administration of complex financial transactions, was presented with the U.S. Champion Award at the 2019 IIUSA EB-5 Advocacy Conference in Washington, D.C. "IIUSA is proud to recognize NES Financial, and all other members who were honored at this year's [...]
NES Financial announced today that it has been contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Urban Catalyst — a San Jose–based Opportunity Fund that plans to develop a 65,000-square-foot mixed-use space within one of the city’s Opportunity Zones as their first project. They also have five additional projects in their Opportunity [...]
NES Financial is proud to announce the appointment of Kevin Walkup as Chief Operating Officer and President of its DataOps division. “Kevin is going to elevate NES Financial’s award-winning technology to the next level,” said Michael Halloran, Chairman and CEO of NES Financial. “He is an innovative and strong tech executive with a proven track [...]
EIG Applauds Bipartisan Bill on Opportunity Zones Reporting Requirements The Economic Innovation Group welcomed bipartisan Congressional action to affirm the importance of investment transparency in Opportunity Zones. “This bipartisan legislation will provide transparency regarding how and where capital gets deployed by Opportunity Funds,” said EIG President and CEO John Lettieri. He also said it [...]
![At Risk, Debt Arrangement, Guaranteed Redemption: Important Distinctions [Article]](https://b02s26mddy-flywheel.netdna-ssl.com/wp-content/uploads/2019/06/iStock-641479320-800x533.jpg "At Risk, Debt Arrangement, Guaranteed Redemption: Important Distinctions [Article]")
