Settling in the U.S.: Practical Tips for New EB-5 Green Card Holders

Moving to the U.S. as an EB-5 Green Card holder is an exciting milestone, offering permanent residency and financial opportunities. However, adjusting to a new country comes with challenges, from setting up finances to understanding cultural differences.

To help you transition smoothly, we’ve put together practical tips for EB-5 investors and their families as they start their new lives in the U.S.

1. Setting Up Your Finances

One of the first things you should do after arriving in the U.S. is establish your financial foundation.

Opening a Bank Account

A U.S. bank account is essential for managing expenses, receiving payments, and building credit. To open an account, you’ll typically need:

 • Your passport and U.S. Green Card

 • A Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)

 • Proof of U.S. address (such as a lease agreement or utility bill)

Building Credit in the U.S.

A good credit score is important for renting a home, getting a loan, or even securing some jobs. To start building credit:

 • Apply for a secured credit card if you don’t qualify for a regular one.

 • Pay bills on time, including rent, utilities, and phone bills.

 • Avoid maxing out credit cards—keeping usage under 30% of your limit helps boost your score.

2. Finding a Place to Live

Your choice of housing will depend on your budget, location preferences, and lifestyle needs.

Renting vs. Buying a Home

 • Renting is a good option for newcomers, offering flexibility as you explore different neighborhoods.

 • Buying a home might make sense if you plan to stay in one place long-term and want to build equity.

Popular cities for EB-5 investors include New York, Los Angeles, Miami, Houston, and San Francisco, but many families prefer suburban areas with top-rated schools. Websites like Zillow, Realtor.com, and Apartments.com can help with your search.

Understanding the Cost of Living

The cost of living varies widely across the U.S. Major cities are more expensive, while smaller cities and suburbs offer more affordable options. Before choosing a location, compare costs for housing, transportation, and daily expenses.

3. Enrolling Your Children in School

One of the biggest advantages of the EB-5 visa is access to high-quality education.

 • Public schools (K-12): Free education for Green Card holders. The quality depends on the school district.

 • Private schools: Offer specialized programs but come with tuition costs.

 • Colleges & universities: EB-5 children qualify for in-state tuition rates at public universities, saving thousands in tuition fees.

4. Understanding U.S. Healthcare

The U.S. healthcare system is private and can be expensive, so securing health insurance is a must.

How to Get Health Insurance

 • If employed, check if your job offers health benefits.

 • Purchase a plan through the Health Insurance Marketplace (Healthcare.gov).

 • Consider private insurance companies.

If you need affordable options, Medicaid and CHIP (for children) might be available depending on your income level.

5. Getting a Social Security Number (SSN) or ITIN

An SSN is needed for work, banking, and taxes. EB-5 investors can apply for an SSN after receiving their Green Card.

If you don’t qualify for an SSN, an ITIN (Individual Taxpayer Identification Number) allows you to file taxes and conduct financial transactions.

6. Adjusting to U.S. Culture & Lifestyle

Adapting to life in the U.S. involves more than just paperwork—it’s about integrating into the community.

Understanding American Culture

 • Punctuality: Being on time is important for business meetings, school, and social events.

 • Networking: Making connections through business groups, local events, or online platforms like LinkedIn can help with career and business opportunities.

• Tipping Culture: In the U.S., it’s common to tip 15-20% at restaurants and for services like taxis and haircuts.

Building a Social Life

 • Join local community groups or attend networking events.

 • Explore hobbies or sports clubs to meet new people.

 • Get involved in volunteering or cultural activities to feel more connected.

7. Understanding U.S. Taxes & Legal Responsibilities

As an EB-5 investor, you’ll need to file U.S. tax returns and report worldwide income. Working with a tax professional who understands expatriate tax laws can help you stay compliant.

Key taxes to be aware of:

 • Federal income tax (varies based on income).

 • State and local taxes (varies by location).

 • Property tax (if you own real estate).

A Smooth Transition for EB-5 Families

Moving to the U.S. as an EB-5 investor is an exciting opportunity, but preparation is key to a smooth transition. By setting up finances, housing, education, and healthcare early, you can ensure a successful start in your new home.

At Arcasia Advisors, we guide EB-5 investors through every stage of the journey—from selecting the right investment to settling into life in the U.S. Reach out to us to learn how we can support your transition.