The upcoming webinar will feature industry experts discussing strategies for compliance with the EB-5 Reform and Integrity Act of 2022
SAN JOSE, Calif., May 5, 2022 /PRNewswire-PRWeb/ -- Fund administration leader JTC Americas has announced a free webinar presented in conjunction with law firm Greenberg Traurig, LLP to help EB-5 industry stakeholders understand the Regional Center program's new rules.
Titled "The Right Time is Now: Succeeding with EB-5 in 2022," the webinar, which will be held May 11th, 2022, will feature a panel of industry experts discussing important EB-5 topics such as what Regional Centers need to do in order to be designated or redesignated under the new law and what must be done before Regional Centers investors can begin filing immigration petitions.
JTC Americas, the North American arm of JTC, is the only provider of purpose-built third-party fund administration for EB-5, offering solutions that can be configured to projects of all sizes, an award-winning online portal for 24/7 project visibility, and an experienced client services team. The company also has an all-in-one EB-5 escrow solution that allows for faster and more secure deployment of funds with industry-leading compliance tools.
Greenberg Traurig, LLP's Immigration & Compliance Practice represents businesses, organizations, and individuals from around the world on a wide range of immigration matters and visa needs. The firm has received a first-tier ranking for Immigration Law in the U.S. News Best Lawyers "Best Law Firms" report every year since 2011 and was honored by The National Law Review as a 2018 "Go-To Thought Leader" for its coverage of immigration issues through the firm's Inside Business Immigration and EB-5 Insights blogs.
The EB-5 Reform and Integrity Act of 2022 reauthorized the Regional Center program for five years, through September 30th, 2027. Along with reauthorization, the bill introduced a long list of new integrity measures and rules, some of which are still being refined by U.S. Citizenship and Immigration Services. While reauthorization was welcome news for the industry, Regional Centers are still grappling with what the new rules mean and how to remain compliant in this new era of EB-5.
At the webinar, experts from JTC and Greenberg Traurig will discuss topics including the situations in which a fund administrator is required under the new law and what that fund administrator needs to be able to accomplish for the project, as well as the proper timeline for adding new record-keeping and compliance procedures to ensure all documentation is in order. They'll also walk-through specific scenarios to help issuers understand the nuances of the new rules.
"As we continue to receive information on how this new version of the Regional Center program will operate, it's becoming clear that one of the biggest challenges for Regional Centers will be understanding the new rules and getting off on the right foot," said Reid Thomas, chief revenue officer and managing director, JTC Americas. "We're honored to be working with Greenberg Traurig to educate stakeholders on what they need to do right now to get certified and maintain compliance with the new rules."
"It's a pleasure to be connecting with JTC Americas for this event, as they know more than anyone about the importance of proper fund administration," said Jennifer Hermansky, shareholder, Greenberg Traurig. "Because each EB-5 offering is different, it's crucial to have someone to walk you through the process, and JTC shares our commitment to helping projects remain compliant and helping them succeed every step of the way."
Speakers set to appear at the webinar include:
Reid Thomas, chief revenue officer and managing director, JTC Americas
Jennifer Hermansky, shareholder, Greenberg Traurig LLP
Kate Kalmykov, shareholder, Greenberg Traurig LLP
Jill Jones, general counsel, JTC Americas
The details of the event are:
The Right Time is Now: Succeeding with EB-5 in 2022
Wednesday, May 11th, 2022
2:00 PM – 3:00 PM EST
To learn more about the event and to RSVP, visit JTCAmericas.com.
About JTC Americas
JTC Americas is the North American division of JTC, a worldwide leader in financial administration with over 1,200 employees across 26 jurisdictions and a 30-year track record in Private Equity, Fund of Funds, Alternatives, Commercial Real Estate, Debt Funds, and much more. JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. JTC Americas works with JTC's institutional and private clients to provide boutique service with a global reach, allowing US-based clients to expand overseas and international clients to enter US markets.
JTC Americas is the industry leader in Specialty Financial Administration, providing bespoke services for markets characterized by high administrative and regulatory complexity, elevated transaction security needs, and challenging compliance requirements. This includes tax-advantaged investments (1031 Exchange, Delaware Statutory Trust), Impact & ESG (EB-5, Opportunity Zones) and alternative investments in the US and abroad (AIFM, ManCo, Fund of Funds). By offering its specialized technology-based solutions to the greater market and combining its boutique feel with JTC's global reach, JTC Americas is able to provide an unprecedented level of support and scalability for clients of all sizes. To learn more, visit JTCAmericas.com.
About Greenberg Traurig's EB-5 Group: Greenberg Traurig's Business Immigration & Compliance practice represents businesses, organizations, and individuals from around the world on a wide range of EB-5 matters. As an international, multi-practice law firm, Greenberg Traurig's EB-5 team is positioned to collaborate with the firm's Corporate & Securities, Real Estate, Labor & Employment, and Tax practices to develop customized solutions for EB-5 clients. Greenberg Traurig EB-5 attorneys regularly work with developers and business owners across a variety of industries, including hotel, office building, casino, manufacturing, retail, restaurant, technology, professional sports teams, and alternative energy companies to obtain capital through the EB-5 Program. The team is composed of active thought leaders who write regularly for Greenberg Traurig's Immigration blogs: Inside Business Immigration and EB-5 Insights.
About Greenberg Traurig LLP
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2400 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm, often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono, reported gross revenue of over $2 Billion for FY 2021. The firm is consistently among the top firms on the Am Law 100, Am Law Global 100, NLJ 250, and Law360 (US) 400. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and net carbon neutral with respect to its office energy usage. Web: http://www.gtlaw.com.
Media Contact
Laura Kelly, JTC Americas, 4083670826, [email protected]
SOURCE JTC Americas
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