Social Security Number (SSN) in the USA for Foreign Investors
What is a social security number (SSN) and why do I need it? A social security number is a unique identification number (consists of nine digits) at the federal level. The purpose of the social security number is to have a record of wages and income in the USA. This national identification number has been adapted to have many uses, including: Proof of Identity Establishing credit history Taking out loans Getting and keeping employment (without SSN you can not work legally) Ability to receive public assistance from the government Access to open bank accounts Applying for a state driver license Ability to register to Medicaid and Medicare Declare taxes Renting or buying property Being able to register for services (electricity, water, insurance, internet, etc.) The truth is that it’s needed for everything and can be very frustrating when you do not have a social security number when it’s needed everywhere. Almost all our clients who are loo...