Incorporation of partnerships require a partnership deed in which the partners enter into an agreement regulating their contributions and other rights and obligations in relation to the operations of the partnership. A certificate of registration is issued by the Malta Registrar of Companies.
There are 2 Partnership types as follows:
Partnerships En Commandite
This type of Partnership will have:
at least one general partner (unlimited liability);
usually taxed at partners' level but if capital is divided into shares it will be subject to tax at partnership level (like a company).
Partnerships En Nom Collectif
In this type of partnership, the partners will be subject to unlimited liability and be taxed at partners’ level.