S.L. 188.3 ст. 3Establishment of Individual Investor Programme.

(1) There is hereby established a programme, to be known as the "Individual Investor Programme of the Republic of Malta", which shall allow for the grant of citizenship by a certificate of naturalization to foreign individuals and their families who contribute to the economic development of Malta, as provided in these regulations.

(2) The operation of the programme shall be carried out by the concessionaire.

(3) Approved Agents shall be licensed by the Agency after carrying out a due diligence process in their regard. They shall be entitled to introduce prospective applicants to the Agency.

(4) Approved Agents shall pay an annual licence fee and shall abide by the conditions of their licence.

(5) The Agency shall be entitled to withdraw a licence issued to an Approved Agent if, after due investigation, it is satisfied that:

(a) the Approved Agent has acted in an unethical or an unprofessional manner and has substantially prejudiced the programme; or

(b) the Approved Agent has committed a serious breach of guidelines, codes of conduct or codes of ethics issued by the Agency from time to time and made specifically applicable to Approved Agents.