Foreign direct investment (FDI) flows are conducted by INDIVIDUAL investors (abbreviated as IFDI), which have been strongly promoted by Immigrant Investor Programs (IIPs). Twenty-one out of twenty-seven of the member states of the European Union (EU) establish IIPs to attract wealthy investors in order to receive investment capital; change the economic structure and social status of undeveloped regions, make a name for the country on the international market, and as an economic diplomacy strategy. While the FDI motivations of enterprises have been extensively studied; the motives of IFDI remain undeveloped. This limitation is certainly a missing puzzle piece in the scientific world, causing a lack of a theoretical basis to explain a real phenomenon. Simultaneously, demand-side motive ambiguity might impact the design of IIPs, leading to their inefficiency. Governments also lack a base to take a consistent stance on IFDI. This proposal aspires to provide a scientific and practical basis to fully understand the variation of IFDI, thereby aligning policy with its evolution. The overall aim is to develop the patterns of IFDI, its nature, and trends. Qualitative research methods with a variety of tools, mainly based on naturally occurring data associated with the opinions of the participants - knowledge co-producers. Two theoretical frameworks are developed: IMS12 to identify the drivers and nature of IFDI and VIRA to forecast IFDI. The results of this project, in addition to fulfilling its own objectives, will also serve as the foundation for further research in several scientific fields such as economics, sociology, and politics. This project is expected to run for 24 months and is hosted by the University of Malta in Malta, including a 4-month secondment at the University of Graz, Austria.