A partnership en nom collectif 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 its members.

Every partnership en nom collectif registered in Malta must have a registered office in Malta.

Tax treatment

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.