Among the types of business forms the Maltese Commercial Law provides for are also partnerships. Foreign investors are treated like local businessmen, therefore they are also allowed to establish partnerships in Malta. The following types of partnerships are available for registration in Malta:
- – general partnerships;
- – limited partnerships;
- – limited liability partnerships.
Our company incorporation consultants in Malta can assist foreign investors who want to open companies or partnerships in this country.
Characteristics of general partnerships in Malta
All types of partnerships are deemed commercial partnerships in Malta, as they are carried out with the purpose of undertaking an economic activity. The general partnership is one of the simplest forms of doing business in Malta together with the sole proprietorship.
General partnerships are set up by at least two participants who can be individuals or companies. These are called general partners and will all be responsible with their personal assets for the business’ liabilities. Unlike in other countries, the law does not impose specific requirements for the general partnership’s name, as it can take any name, just all other types of companies in Malta.
Registering a general partnership in Malta
Recently the Maltese Company Law was amended so it allows more flexibility to partnerships. This is because the general partnership is a preferred vehicle for establishing investment funds in Malta. Foreign or local investors establishing a general partnership in Malta must draw a partnership agreement which must be notarized and filed with the Commercial Register. There are no minimum share capital requirements for ordinary general partnerships. In the case of investment funds, a general partnership set up for investment purposes must deposit a specific amount and obtain a financial license from the responsible authorities.
No matter the scope of the general partnership, the Commercial Register will issue a certificate of registration.
For assistance in preparing the documents related to opening a general partnership, you can rely on our company incorporation agents in Malta. You can also contact us for assistance in registering the general partnership with the Trade Register in Malta.