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What project documents does PRXY required to keep me compliant?

PRXY requires several key documents for us to perform our services

  1. A Final private placement memorandum
  2. A Final EB-5 Business Plan
  3. A Final EB-5 Economic Report
  4. The complete, final I-956F filing package
  5. EB-5 financing structure documentation
  • If your offering is a loan model, please provide the EB-5 Loan Agreement
  • If your offering is an equity model, please provide the JCE (Job Creating Entity) Operating Agreement

Here’s why each of these is important:

1. Final Private Placement Memorandum (PPM)

This document outlines the investment offering—its structure, management team, investor return, and risk factors. It ensures transparency and compliance with U.S. securities laws by disclosing how investor funds are used and what safeguards exist. It is a key component of Form I‑956F submissions. 

Suggested Order of Form I-924 Documentation

2. Final EB‑5 Business Plan

A credible, comprehensive business plan is essential for demonstrating:

  • The nature and viability of the commercial enterprise;
  • How the investment dollars will be used
  • How at least 10 U.S. jobs will be created per EB-5 investor—directly or indirectly—in line with EB‑5 requirements 

USCIS Project Applications

3. Final EB‑5 Economic Report

Typically produced by an economist, this report applies validated models to project job creation. Under USCIS criteria, direct, indirect, and induced job numbers via regional centers must be backed by solid economic analysis.

USCIS Project Applications

4. Form I‑956F (“Project Application”)

This is the official “Application for Approval of an Investment in a Commercial Enterprise”. It is a filing package used by designated Regional Centers seeking USCIS approval for specific investment offerings within their EB-5 projects. It must be submitted before any investor files I‑526E.

USCIS Project Applications

Why it's important:

  • Contains detailed information about the project, including its nature, location, total cost, financing, and job creation estimates.
  • Confirms the NCE/JCE structure is legally sound;
  • Verifies the offering meets regulatory requirements;
  • Secures USCIS approval before investors proceed.

5. EB‑5 Loan Agreement (if using a loan model)

If your offering uses a loan structure, the agreement defines:

  • Terms of repayment, interest, collateral;

  • The timing and mechanism of capital deployment into the JCE.

    This ensures the loan model aligns with USCIS expectations and helps deliver the job-creating capital structure promised in the PPM and business plan.

6. JCE Operating Agreement (if using an equity model)

For equity-based investments, this operating agreement:

  • Defines ownership, governance, and profit-sharing;

  • Clarifies investor rights, management structure, and tax implications.

    USCIS uses it to verify that investor capital is properly controlled and at risk—essential for meeting EB‑5 requirements. USCIS i-956f Application

Why all this matters:

USCIS requires proof of three core EB‑5 criteria:

  1. Capital at risk (equity or loan)

  2. New Commercial Enterprise structure

  3. Creation of 10 U.S. jobs (direct/indirect)

    Documents like the PPM, business plan, economic report, I‑956F, and contractual agreements provide the “preponderance of the evidence” needed under USCIS adjudication standards