Integrity Legal

It recently came to this blogger’s attention that the United States Citizenship and Immigration Service (USCIS) has been noted by various media outlets for launching a new ad campaign to encourage those present in the United States as lawful permanent residents to naturalize to American Citizenship. In order to provide further insight into these developments it is best to quote directly from the website of China Daily, ChinaDaily.com.cn:

NEW YORK – The US Bureau of Citizenship and Immigration Services (USCIS) has launched its first ever paid ad campaign urging roughly 7.9 million green card holders to become naturalized citizens. The $3.5 million multilingual campaign will be used for three years and is part of an $11 million allotment from Congress meant to promote integration of immigrants. This year’s campaign in English, Spanish, Chinese, and Vietnamese will run in print, radio and digital formats between May 30 and Sept 5, primarily in states with large immigrant populations, such as California, New York, Florida and Texas. ”You’ve got to create that sense of urgency, and until they’ve reached that sense of urgency, they’ll just coast,” Nathan Stiefel, division chief of policy and programs for the Office of Citizenship at USCIS, told the Associated Press…

This blogger asks readers to click upon the relevant hyperlinks noted above to read this article in detail.

For those who are unfamiliar with matters pertaining to American immigration it should be noted that those who enter the United States of America on a CR-1 visa or an IR-1 visa are accorded lawful permanent residence (also colloquially referred to as Green Card status). After spending a specified period of time physically present in the United States it may be possible for an immigrant to naturalize to American citizenship. There are many benefits to be had by undergoing the naturalization process including, but not limited to: the right to vote, the right to a US Passport, as well as the various privileges and/or immunities of citizenship. Those interested in learning if they are eligible for such benefits are encouraged to contact a licensed American attorney.

In somewhat unrelated news, it recently came to this blogger’s attention that the government of Japan is apparently preparing to conduct tests on various nuclear facilities in that country. For further insight it is necessary to quote directly from the Channel News Asia website at ChannelNewsAsia.com:

TOKYO : Japan said Wednesday it will run “stress tests” on all its nuclear reactors in the wake of the Fukushima Daiichi accident sparked by the March 11 earthquake and tsunami disaster. The ongoing crisis, the world’s worst atomic accident since Chernobyl 25 years ago, has ignited debate in Japan about the safety of nuclear power, which before the disaster accounted for a third of its electricity needs. The centre-left government ordered a round of initial tests on the country’s other atomic power plants after the disaster, and said the new stress tests aimed to reassure the public that the facilities are safe…

The administration of this blog asks readers to click on the appropriate hyperlinks above to read this article in detail.

For those unfamiliar with the ongoing situation in Japan it should be noted that an Earthquake which occurred in March of this year resulted in a nuclear meltdown at the Fukushima facility noted above. This situation had tremendous ramifications for both the Asia-Pacific region and the Association of Southeast Asian Nations (ASEAN). As this tragic state of affairs continues to play out it is hoped that positive endeavors can mitigate some of the damage caused by this disaster. No doubt the Japanese citizenry remain in the hearts and minds of conscientious people the world over.

For related information please see: Certificate of Citizenship or Certificate of Naturalization.

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In recent weeks there has been a great deal of discussion in the international media about the United States Federal Reserve’s “quantitative easing” of the American monetary system. Many leaders in Asia are apprehensive that the United States’ policy will result in a relative appreciation of local currencies against the dollar which for export-based nations has been a critical component of economic stability. To quote a recent article on PBS.org:

President Obama landed in Seoul, South Korea today for the Group of 20 Summit, where he will meet with leaders of the world’s most powerful economies to address issues facing the global economy…The G20 Summit is in some ways reminiscent of South Korea’s hosting of the 1988 summer Olympics, seen as an arrival of sorts on the world stage, and the 2002 World Cup, which South Korea co-hosted.

Many feel that one of the most important issues to be discussed at the G20 summit will be the recent currency fluctuations resulting from the American announcement of quantitative easing which is likely to result in capital inflows to Asian economies such as Indonesia. To quote the Voice of America website:

Uwe Parpart is the chief Asia economist and strategist in Hong Kong for the U.S. securities dealer Cantor Fitzgerald…”There are serious concerns that when the U.S. floods the world with dollars that find their way into equities, into stocks in Asia, whether in Hong Kong, in Thailand or Indonesia, the effect of that on the local economies can be quite difficult to cope with,”

Although seemingly counter-intuitive to some, the inflow of so-called “hot money” into an economy can sometimes have a negative impact upon traditional import/export relationships and also create bubbles in an economy which could ultimately prove harmful. Inflows of capital can also be beneficial. In the case of Indonesia, one upside of relative appreciation of Indonesian currency compared to the United States dollar is the fact that investors hoping to benefit from the EB-5 immigrant investor program can obtain benefits at a comparatively lower overall cost in real terms since the dollar has weakened compared to other currencies. This is no less true in the case of Indonesia as a weakening dollar can cause an appreciation of the Indonesian Rupiah. In the event that this occurs, a prospective Indonesian Immigrant Investor wishing to both invest in the United States and also accrue the benefit of United States Lawful Permanent Residence (Green Card status) would be doubly fortunate when the dollar is weak as such an investment can be made more “cheaply” in terms of local currency.

Those Indonesian nationals interested in obtaining an EB-5 Visa should note that an investment of at least 500,000 United States dollars (at a minimum) must be made in order to be eligible for EB5 visa benefits. Furthermore, those seeking such a visa must also meet the eligibility requirements as set forth under relevant United States law. Those interested in immigrating to the USA as immigrant investors are well advised to contact a licensed American attorney in order to gain insight into the EB5 visa process and make informed decisions regarding immigration options.

Some are under the mistaken impression that the EB-5 visa program is a Citizenship-by-Investment program. In fact, this is not the case as an EB-5 visa merely grants the visa holder the right to reside in the United States as a Permanent Resident. That said, should an EB-5 investor, Indonesian or otherwise, remain in the USA for a statutorily prescribed period and meet other eligibility requirements, then such an individual may be eligible to naturalize to United States Citizenship. For this reason, some refer to the EB-5 program as a “path to citizenship” by investment.

For further information please see: EB-5 Visa Indonesia.

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