The new EB-5 regulations went into effect on November 21. In a series of blogs, NES Financial (along with its Medallion partners) is looking at the impact of the regulations and what EB-5 stakeholders can do to prepare for and operate in this new era, which we’re calling EB-5 3.0. Despite the fact that USCIS [...]
Senator Ron Wyden introduced the “Opportunity Zone Reporting and Reform Act” this week, which would amend the Internal Revenue Code of 1986 to require to increase reporting for qualified opportunity funds. “Legislative momentum around reporting requirements continues to increase,” said Reid Thomas, EVP of NES Financial’s Specialty Financial Administration Business, which includes Opportunity Zone [...]
An NES Financial Opportunity Zones Webinar Wednesday, November 20, 2019 | 11:00 am PT It’s almost the end of 2019, and the Opportunity Zones initiative is thriving. How is your fund performing and what are the latest trends to help your business grow in 2020? In this free Opportunity Zones webinar, NES Financial and OZ [...]
Novogradac’s 2019 Opportunity Zones Conference in Chicago is one of the largest OZ events in the country where fund sponsors, developers, investors, accountants, lawyers and stakeholders attend to discuss and learn how to effectively invest in qualified opportunity zone funds. Our EVP Reid Thomas spoke about fund administration at this conference and one of the [...]
On October 2, we held a webinar titled “Are You Ready for EB-5 3.0 — A New Era?” (If you missed it, watch the recording here!) In this presentation, we brought together a select group of experts from across the EB-5 industry to discuss the new EB-5 rules, which are scheduled to take effect on [...]
First impressions speak volumes. The investor onboarding experience is no different. As the private equity landscape continues to shift and become more competitive, many are finding that working with a third-party fund administrator is the way to go. For those investors who are new to working with private equity fund administration partners, the onboarding process [...]
NES Financial announced today that its CTO Izak Joubert was named Ambassador of the Year by OutSystems, a global enterprise software company and leader in low-code application development platforms. The OutSystems Innovation Awards recognize, honor, and celebrate the organizations and people that are using OutSystems to make IT dramatically more proactive, productive, and essential in [...]
1031 exchanges enable you to reduce or eliminate taxes on the sale of business or investment real estate. If you want to sell one business or investment property (the “relinquished property”) and purchase a “like-kind” replacement property within 180 days of the sale, structuring these two transactions as a 1031 exchange can enable you to [...]
If you couldn’t make it to NES Financial’s free Insider Insights webinar “How Opportunity Zones Can Work For You,” you not only missed out on how your business can benefit from the latest OZ market insights, but you missed out on some great questions from webinar participants. Fortunately, we’ve collected four of those questions — [...]
With the new regulations for the EB-5 Program scheduled to go into effect on November 21, 2019, not much attention has been paid to the status of the EB-5 Regional Center Program, which will sunset on September 30 -- again. Perhaps we’ve become numb to this potential threat, after more than 15 short-term extensions have [...]
