(1) Where the Chief Immigration Officer receives an application for an alien investor entrance permit under section 44(1) and (2), he or she shall issue an alien investor entrance permit in the prescribed form to —
(a) an alien investor without payment of an alien investor entrance permit fee;
(b) a director, beneficial owner or shareholder of an alien investor without payment of an alien investor entrance permit fee;
I a dependant of an alien investor, on payment of the prescribed alien investor entrance permit fee.
(2) The Chief Immigration Officer shall give written notice to the Unit of each issued alien investor entrance permit.
(3) The Chief Immigration Officer shall keep a list of all the issued alien investor entrance permits.
(4) Section 21(2), (3) (4) and (5) and section 22 of the Immigration Act applies to a permit issued under this section.