Saturday, March 21, 2015

Learn and Network at the Chicago EB-5 Project Finance Forum!

The Chicago EB-5 Project Finance Forum hosted by Artisan Business Group Inc. is coming to downtown Chicago, Illinois on April 8th, 2015. The all-day EB-5 project finance forum will focus on exploring and seeking alternative financing to fund and develop projects through EB-5 immigrant investors program. The EB-5 immigrant investor program was created in 1990 to encourage overseas investment into government-approved projects to help drive job creation within the US while providing opportunity for foreign nationals to become lawful permanent residents.

The Chicago Finance Forum will focus on how to effectively develop projects under the EB-5 regional center program. Everything you will learn at the forum is about effectively developing your own funding and capital raising strategies for your real estate projects EB-5 capital in China, the largest EB-5 market with abundant investment capital. Main topics include Chinese anti-corruption campaign's effects on EB-5 investor, Restrictions and challenges with fund transfers from China , Future trends with Chinese investor market, SEC enforcement's sweeping effects on current market practices, Trends with Direct EB-5 & EB-5 regional center program, Raising EB-5 capital in a crowded market and Verifying Chinese investor's source of fund and path of fund.

                               Featuring Expert Speakers & Panelists
Jeff Carr, Economy Policy Resources
Raymond Ku, Westlead Capital Group
Brian Su, Artisan Business Group
John Li, EB5Supermarket.com
Osvaldo F. Torres, Esq., Torres Law, P.A.
Michael O. Brown, President, Retail Equity Partners Holding, Inc.
James Holz, Esq., Holz Law Group & Puzzle Box Academy

Friday, March 20, 2015

EB-5 Coalition Sends Final Letter Supporting H.R. 616, American Entrepreneurship and Investment Act

(Source: EB-5 Insights) As many of you are aware, the EB-5 Immigrant Investor Regional Center pilot program is scheduled to expire in September. In early February 2015, Reps. Jared Polis (D-CO) and Mark Amodei (R-NV) introduced the American Entrepreneurship and Investment Act of 2015.  The bill would update and permanently authorize the EB-5 Immigrant Investor visa program. In February 2015, a copy of the sign-on letter was circulated by the Real Estate Roundtable and the EB-5 Coalition. Earlier today, the EB-5 Coalition released the final coalition letter from real estate groups and EB-5 regional centers supporting H.R. 616, American Entrepreneurship and Investment Act.

Wednesday, March 18, 2015

EB-5 Professionals gather in Shanghai

EB-5 professionals from across the United States gathered in Shanghai at the 5th annual Invest in America Summit. The 2 day trade exhibition and conference featured US regional centers, developers, broker dealers and lawyers focusing on promoting their projects and services to the Chinese audience. Check out some pictures of the event below.



Friday, March 13, 2015

New EB-5 Regional Centers

More newly designated EB-5 regional centers have been announced by USCIS. For more information about EB-5 regional center program, contact us at artisanbusiness@gmail.com.
  • California One Investment Center, LLC (California) 
  • EB-5 Bonds California, LLC (California)
  • EB5 United West Regional Center, LLC (California)
  • North American Center for Foreign Investments, LLC (California)
  • Pacific Investment & Immigration Regional Center (California)
  • Front Range Regional Center, Inc. (Colorado and New Mexico)
  • BLT TriState Regional Center LLC (Connecticut, New Jersey, New York)
  • USCFID New York LLC (Connecticut, New York, New Jersey, Pennsylvania)
  • Regional Center Fund of America LLC (District of Columbia, Maryland, and Virginia)
  • EB5 Florida Hotels & Investments Regional Center LLC (Florida)
  • Shrimp House US LLC (Florida)
  • Midwest Regional Center, Inc. (Kentucky)
  • Northeast Monument Regional Center LLC (Massachusetts, New Hampshire, Rhode Island)
  • G.R.E.E.N. Regional Center (New Jersey)
  • The New Mexico Regional Center (New Mexico)
  • Heartland Regional Center, LLC (New York, New Jersey, and Pennsylvania)
  • U.S. Immigration Recovery Fund NY, LLC (New York)

Thursday, March 12, 2015

Counting EB-5 Regional Center Jobs Outside RC Geographic Boundaries

(Source: Phil Cohen) When formulating plans for the development of an EB-5 regional center, one should bear in mind that indirect jobs outside of the regional center's declared geographic area can be counted toward the EB-5 job creation requirement, as long as they are based on reasonable economic methodologies.

From the memorandum: “indirect jobs can qualify and be counted as jobs attributable to a regional center, based on reasonable economic methodologies, even if they are located outside of the geographical boundaries of a regional center.”

This clarification, which came about in the USCIS EB-5 Policy Memorandum of May 30th, 2013, has simplified some of the complications that people had been experiencing in relation to claiming indirect job creation when circumstances (and economic modelling) required that these jobs be outside the regional center's declared geographic area of focus.

As indicated in the memorandum, the key is to ensure that the justification for these jobs be based on reasonable economic methodologies.  Therefore if one is planning to claim jobs outside of a regional center's geographic area of focus, a conversation should be had early on with the economist on the team.  Furthermore, it is helpful to weave this justification into one's EB-5 business plan in order to present to USCIS a fully-rounded picture of the business as it pertains to EB-5 requirements.

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Phil Cohen is the founder and President of Strategic Element, a company that focuses on developing regional centers, EB-5 business plans, economic impact reports, feasibility studies and custom 'direct' EB-5 projects for its clients (www.strategicelementconsulting.com).

Wednesday, March 11, 2015

ABG to host "The Evening of Shanghai" March 14, 2015


Artisan Business Group's "The Evening of Shanghai" networking reception will be held on a private river cruise on the evening of March 14, 2015.  The 4th annual event is only open to a selected group of Chinese executives and US clients of Artisan Business Group as well as members of the Chairman Club. The exclusive event will expect over 50 Chinese executives from all over China. To meet with us in Shanghai, please contact Mr. Tyler McKay at artisanbusiness@gmail.com.

Tuesday, March 10, 2015

Artisan team prepares for upcoming trip to China


Artisan Business Group is preparing for their upcoming trip to China to host the 2014 EB-5 VIP Delegation. The annual EB-5 delegation will attend two large EB-5 trade shows in China including The Invest in America (Shanghai) Summit March 14-15th and the 2015 Investment Immigration Opportunity (Hangzhou) Summit March 22nd. They will also travel to additional cities to meet with migration professionals. Artisan Business Group welcomes attendees of the events to meet with them. We look forward to seeing many EB-5 industry professionals in China. 

Contact us today at Artisanbusiness@gmail.com to meet while traveling in China.

Friday, March 6, 2015

Chicago EB-5 Forum to discuss hottest topics

April 8, 2015   Downtown Chicago

Featuring Expert Speakers & Panelists
Jeff Carr, Economy Policy Resources
Raymond Ku, Westlead Capital Group
Brian Su, Artisan Business Group
John Li, EB5Supermarket.com
Osvaldo F. Torres, Esq., Torres Law, P.A.
Michael O. Brown, President, Retail Equity Partners Holding, Inc.
James Holz, Esq., Holz Law Group & Puzzle Box Academy
Chicago EB-5 Project Finance Forum is a one-day workshop presented by Artisan Business Group and elite guest speakers for new and experienced real estate developers that are seeking alternative capital to fund projects. Everything you learn here is about effectively developing your own funding and capital raising strategies for your real estate projects EB-5 capital in China, the largest EB-5 market with abundant investment capital.  Some of the hottest topics include: 

  • Chinese anti-corruption campaign's effects on EB-5 investor
  • Restrictions and challenges with fund transfers from China
  • Future trends with Chinese investor market
  • SEC enforcement's sweeping effects on current market practices
  • Trends with Direct EB-5 & EB-5 regional center program
  • Raising EB-5 capital in a crowded market  
  • Verifying Chinese investor's source of fund and path of fund; and more

Register your seat now online at http://www.eventbrite.com

Thursday, March 5, 2015

Migration professionals visit client project in Florida

A group of migration professionals visit a EB-5 project in Orlando, Florida. The project is consulted with Artisan Business Group, Inc.  Florida is the third state in the country with most designated EB-5 regional centers behind California and New York. The group of professionals are visiting EB-5 projects to conduct due diligence and meet with the development team. Due diligence is one of the first steps for migration professionals in selecting which projects to work with. To learn more about EB-5 program and its current market trends, join us in Chicago April 8.

Wednesday, March 4, 2015

ABG hosts migration executives in DC

Artisan Business Group is hosting emigration service executives from China in Washington DC. The group met with Greenberg Traurig in Washington DC to discuss the latest impact of EB-5 regional center program and updates on renewal of the program. Attend the Chicago Finance Forum on April 8th to learn more about the updates on EB-5 Program.

Saturday, February 28, 2015

Report from China: Chinese migration leaders call for regulation enforcement

A group of Chinese migration leaders and executives have been meeting with Beijing authority to urge enforcement of Chinese exit and entry regulations and laws to prevent and eliminate solicitations by US based immigration attorneys and offshore based foreign consulting firms without exit/entry service licenses in China. Some executives suggested to report such illegal practices to China's Ministry of Justice and US SEC.  Currently the Ministry of Justice issues licenses to foreign law firms that intend to establish presence in China, and only a few international immigration law firms have obtained such licenses.  Many foreign firms choose to cooperate and partner with Chinese local firms. The Ministry of Public Security issues license to migration agencies for conducting immigration services. As EB-5 program is getting widely attention in China, Chinese migration industry has felt direct competitions from some of US based solicitors and law firms.  Chinese authority has already shut down a few illegal operations around the country.  For more information about EB-5 program and its Chinese investors market, contact us at artisanbusiness@gmail.com .

Thursday, February 26, 2015

Long Anticipated SEC Enforcement Action In EB-5 Targeting Unlawful Broker Fees Arriving Shortly


(Source: Homeier & Law) NEWS ALERT FOR THE EB-5 INDUSTRY

The SEC's formal announcement of its enforcement action in the EB-5 industry concerning receipt of unlawful broker fees looks to be coming very soon.  We and fellow securities counsel practicing in the EB-5 space have warned for some time that the SEC has been conducting a wide-ranging investigation into the payment of fees by EB-5 regional centers to immigration attorneys and other persons not registered as securities brokers, in return for sourcing investors for the regional centers’ projects.  This practice appeared widespread prior to 2010; however with our arrival and that of other securities lawyers into the industry around that time, our group advice that receipt of such fees by unlicensed persons could likely run afoul of the broker registration rules seemed generally to be heeded, and the practice substantially diminished.  Nevertheless, in a classic case of it being impossible to “un-ring the bell,” the SEC is now bringing enforcement actions against a number of those attorneys, including many who had already abandoned the practice on the advice of securities counsel prior to the SEC’s arrival in EB-5.  It appears that the targeted lawyers are being required to disgorge the payments they unlawfully received dating back for the five years of the standard statute of limitations, or to January 1, 2010, plus interest (and, in “appropriate” cases, with penalties being assessed, as well), in some cases amounting to $1 Million or more, for each lawyer.  As yet, it is unknown whether this spate of enforcement actions will mark the conclusion, or only the beginning, of the SEC’s enforcement actions on this issue. We understand the SEC is investigating EB-5 issuers and regional centers for “aiding and abetting” unregistered brokering activity by engaging and paying unregistered intermediaries, as the SEC has done in recent enforcement actions outside the EB-5 sphere.  The agency has publicly and prominently announced that enforcement is a top priority, and the impending formal announcement of its action in EB-5 clearly demonstrates its resolve.  Further enforcement action should be expected, in particular as to legacy practices by industry participants.  EB-5 securities issuers (just like those outside EB-5) are well advised of their ongoing need—and duty—to strictly comply with all applicable securities laws and regulations, including but not limited to the immediate broker fee issue.  The assistance of experienced securities counsel in helping accomplish this compliance should be secured as early in the investment process as possible to avoid outcomes like this.

Sunday, February 22, 2015

Only a few booth left! - The 2015 Investment Immigration Opportunity Summit

The 2015 Investment Immigration Opportunity Summit (Hangzhou Zhejiang Province) is one of the premier investment summits featuring investment, immigration and business opportunities to Chinese individuals.The full day March 22nd Conference and Exhibition will be hosted at the Hyatt Regency Hangzhou and will include opening ceremony, presentation by expert speakers, project seminars and a networking reception with more than 20 migration agencies. 

The exhibitors include American Dream Fund, RockBridge Senior Living Communities, Artis Senior Living Community, RED Development and more!

Saturday, February 21, 2015

ABG team visits Miami area

ABG team is visiting Miami and West Palm Beach area to meet with project developers. To learn more about EB-5 program, contact us today at artisanbusiness@gmail.com.

Friday, February 20, 2015

EB5 Linkedin Group

Are you on Linkedin? If you are a member of Linkedin.com social network, please join our EB5 related support group at http://www.linkedin.com/groups?gid=2070240&trk=hb_side_g