Headed up by Chairman of the Best Practices Committee, Ronald Klasko of Klasko, Rulon, Stock & Seltzer, LLP, IIUSA recently adopted new recommended Best Practices for EB-5 Regional Centers. Their purpose is to provide our Regional Center members with essential guidance on how to best conduct their businesses in a manner that will foster the growth and success of the EB-5 Program.
The process of developing our new Best Practices consisted of a deep and thorough consideration of current events and trends relevant to the EB-5 Visa Program. This initiative relied upon the active and tireless involvement of committed EB-5 industry professionals, including Regional Center owner/operators, project developers, attorneys, attorneys, economists, and the like. IIUSA encourages our Members to study our newly adopted Best Practices and hope that they will prove to be a valuable resource and guiding light for many Regional Centers and for the EB-5 industry as a whole.
IIUSA recommended Best Practices provides guidance on Regional Center oversight/project selection, potential conflicts of interest, securities issues, use of escrow, job creation, agents/marketing, investor relations, and more.
The 2013-2014 Best Practices Committee has now commenced its work under the leadership of Daniel J. Healy, IIUSA Director and President/CEO of Civitas Capital Group.