EB-5 Chicago Conference a Great Success

The two day EB-5 conference hosted by Artisan Business Group, Inc., and Wright Johnson LLC on August 30-31, 2010, was a great success. The conference took place at the Conference Center of John Buck Office Tower in downtown Chicago.  Nearly 50 people attended EB-5 Regional Center Development session; and 70 people attended EB-5 Regional Center Promotion and Investors Procurement session. Mr. Brian Su, CEO of Artisan Business Group, Inc., presented a three part seminar: Introduction to Chinese Migration Industry, Chinese Investors Procurement, and EB-5 Regional Center Promotion.  A number of industry experts, attorney,real estate project developer, and EB-5 consultants were invited to speak at the events. IIUSA representative Peter Joseph also presented the association to the audiences.  We would like to thank everyone involved in the preparing the seminars, especially to our sponsors MasLink Group of Beijing, SinoTrans International of California, and Chuhak & Tecson in Chicago.

Due to the Boston AILA Conference , many people were not able to attend and requested us to offer another session in October, for more information, please log on http://eb5.eventbrite.com.

Chinese Migration Brokers Discuss to Boycott Some EB-5 Regional Center Projects

China based EB-5 brokers discuss to boycott some regional center program because of too many unrelated individuals who claim that they represent a eb-5 program and want to do business with them. Many of these Chinese individuals and western expats have no basic business sense and courtesy to do business in the migration industry, especially they lack knowledge about EB-5 program and Chinese migration regulations. The Chinese EB-5 brokers are discussing to boycott such EB-5 programs in China.  For more information about China market entry for your project, contact us today.

Chicago EB-5 Seminar is Sold Out

EB-5 Seminar: "Regional Center Promotion and Immigrant Investors Procurement" is completely sold out! The seminar hosted by Artisan Business Group, Inc., on August 31, 2010 in Chicago, will welcome over 50 real estate developers, bankers, attorneys, EB-5 economists, and migration agent from all over the country!  Due to high demand for the seminar,  Artisan Business Group, Inc., is planning to organize another event in October 2010. For more information and early registration, log on http://eb5.eventbrite.com

Klasko Selected Chair of Immigration Lawyers EB-5 Committee

(Source: philly.citybizlist.com)
Philadelphia, PA. August 24, 2010: H. Ronald Klasko, the founding partner of the immigration law firm of Klasko, Rulon, Stock & Seltzer, LLP has been selected chair of the EB-5 Investor Committee of the American Immigration Lawyers Association for a second term. According to AILA, the important EB-5 Visa program was created "to attract immigrant investors to the United States to invest capital, create jobs and stimulate the economy."
Mr. Klasko is a former national President and three-term General Counsel of AILA. Mr. Klasko is listed in the 2011 edition of the Best Lawyers in America and is named one of the country's top immigration lawyers by Chambers Global: The World's Leading Lawyers for Business 2010. A frequent lecturer and prolific author on immigration law topics, Mr. Klasko is one of only three immigration lawyers ever honored by AILA with the Founders Award-an award given to the individual or group who has had the most important impact on immigration law. A graduate of Lehigh University (B.A. 1971), Mr. Klasko received his law degree from the University of Pennsylvania Law School (J.D. 1974).
Klasko, Rulon, Stock & Seltzer, LLP is one of the country's leading business immigration and nationality law firms. The firm has offices in Philadelphia and New York.

"Practicality" Key for Upcoming EB5 Investment Visa Workshop

(Source: EB5Info.com)

An EB5 investment visa workshop for attorneys and aspiring regional center principals is set to begin Monday, August 30 2010 in Chicago. A two-day event hosted by Wright Johnson, LLC, the workshop will focus on how to go about setting up an EB5 visa regional center and how to begin marketing its projects to prospective investors.

According to attorney Joseph McCarthy, a partner at McAdam & McCarthy who is scheduled to speak at the event, the focus of Day 1 is two-fold:

1. Practical Regional Center Issues – Since many attendees are attorneys already familiar with law surrounding the EB5 investment visa program, the emphasis of the workshop will be on practical matters about which both attorneys and others interested in EB5 can benefit.

USCIS application and general procedure for setting up a regional center will receive greater treatment than legal issues, and those in attendance considering the launch of an EB5 visa regional center should have as much to learn from the sessions as attorneys who specialize in investment immigration.

2. Recent Changes in the EB5 Visa Program – "There have been a lot of changes this summer with regard to EB5," says McCarthy, and the sessions to occur on Day 1 will also include a discussion of the new I-924 form released by USCIS to standardize regional center proposals. Stakeholder responses to these new changes will also be considered.

"Regional Center Promotion and Immigrant Investor Procurement" is the title of Day 2 of the workshop, which will focus on the marketing of EB5 investment visa projects. Sessions on this day will be led by Brian Su, an EB5 visa service provider with a wealth of experience marketing immigrant investor projects abroad.

Brian Su was profiled in a recent EB5info.com story about the Chinese government's wariness of immigrant investor program marketing, its increasing presence in the country, and the growing interest of Chinese investors in many investment immigration programs.

"It would be a good session for attorneys and regional centers alike," says McCarthy of the workshop. "We're including business plan writers, economists, and escrow agents" among the speakers planned to make a presentation at the event.

"So the focus isn't totally on attorneys," he explains.

For more detailed information about the event, speakers, cost, and registration information, see the official event announcement under "Events" at EB5info.com.

Author: Adam Green – adam@usadvisors.org

NES Financial EB-5 Administration Solution Delivers Transparency to Leading Cleveland EB-5 Regional Center and Their Investors

NES Financial (NESF) has announced that the Cleveland International Fund (CiF) has selected the NESF EB-5 Administration Solution to administer funds associated with CiF’s EB-5 visa program serving Northeast Ohio .  Citing the critical need for transparency of investor deposits, CiF chose NESF’s EB-5 Administration Solution to increase visibility and reporting.  A contributing factor was the speed in which the supporting accounts could be established.

 

Regional Centers across the nation seek solutions for administration of EB-5 visa funds.  The federally-sanctioned EB-5 visa program encourages investment in government-approved projects that create U.S. jobs and provide the opportunity for foreign nationals to become lawful permanent residents.  A foreign investor invests either $500,000 (for Targeted Employment Areas such as Cleveland ) or $1 million (for other areas nationally) into a project.  Regional Centers hold each visa applicant’s deposit in escrow for several months pending approval by the U.S. Citizenship and Immigration Services and must return the funds if the investor is not approved. 

 

Financial transparency and security are critical in all stages of the application process and are key considerations when investors select a Regional Center .

 

“The EB-5 program is a great way to raise foreign capital for economic development and job creation in northeast Ohio ,” said Adam Blackman, Chief Operating Officer of CiF.  “This program simply demands the efficient administration and management of investor deposits, and we believe NES Financial’s EB-5 Administration Solution will serve this purpose.  NESF’s EB-5 Administration Solution will enable us to provide full transparency to our investors, bringing them the ability to easily access and review their EB-5 deposits at a moment’s notice.“

 

NES Financial’s EB-5 Administration Solution -- based on the company’s eSTAC technology platform that is used to administer tens of billions of dollars annually in complex multi-party escrows -- provides a level of individual investor recordkeeping and sub-accounts with full transparency to all parties that sets a new standard for Regional Centers. 

 

“The safety of immigration funds is front and center on the minds of all parties involved in the EB-5 visa program, including investors, the government and each Regional Center .  Providing the highest levels of funds security and transparency in the industry can be a key differentiator for Regional Centers, and the NES Financial EB-5 Administration Solution is positioned to raise the bar for all parties involved in this valuable job-creation program,” said Michael Halloran, president and CEO of NES Financial.  “With our EB-5 Administration Solution, Regional Centers can gain an efficient approach to administering funds, delivering a solution that allows easy creation and management of sub-accounts as well as providing customized reporting that allows each Center to serve investors at the highest levels within the EB-5 visa program framework.”

 

Featuring quick deployment, efficient operation, and easy administration, NES Financial’s EB-5 Administration Solution provides immediate benefits for Regional Centers and investors including:

 

* Safety of Funds – Maximum FDIC coverage on individual accounts

* Investor Recordkeeping – Online availability of information and documents for each EB-5 investor

* Investor Reports – Customized reports available around the clock

* Investor Accounting/Reconciliation – Accounting and reconciliation for the investor group, individual EB-5 investors  and the Regional Center

* Rejected Investor Accounting – Full accounting provided to the Regional Center and Investment Company for distribution back to rejected EB-5 investors

 

“The NES Financial EB-5 Administration Solution provides a proven, compliant and secure way to protect all parties involved in EB-5 visa transactions,” continued Halloran.  “Our goal is to help leading Regional Centers like CIF administer their program in a highly streamlined process -- from initial setup through ongoing reporting.  With our EB-5 solution we have created an approach that can deliver cost benefits and efficiencies to each Center.”

 

Regional Centers can get more information by contacting NES Financial at (800) 339-1031 or by visiting www.nesf.com.

Note: Artisan Business Group, Inc., has been providing China Market Entry Services and Support to Cleveland International Fund LLC since early this year, ABG has successfully secured Chinese agent agreements for the Ohio based EB-5 regional center and held four promotional seminars in Beijing, Shanghai, Guangzhou and Shenzhen in last two weeks.  For more information about marketing your EB-5 projects in China, contact us today.  

United Construction VP Visits Nanjing and Beijing

Mr. Tod Whipple, VP of United Construction Corporation, is on a one week tour in Nanjing, Beijing, and other cities in China. United Construction Corporation has been a pillar in the construction and real estate industries throughout the state of New Hampshire and Vermont since 1960. For more information about doing business in China, contact us today.