A partnership en nom
may be formed by two or more partners and operates under a
partnership name and has its obligations guaranteed by the unlimited and
joint and several liability of all the partners.
At least one of the partners is
to be either an individual or a body corporate which has its obligations
guaranteed by the unlimited and joint and several liability of one or more of
Every partnership en nom
collectif registered in Malta must have a registered office in Malta.
In terms of the Maltese Income Tax Act, a partnership en nom collectif
is transparent for tax purposes and the partners declare their share of
profit in their personal tax returns. Tax is therefore chargeable
according to the applicable personal tax rates.