The "en nom" collectif in Malta, popularly known as a general partnership all over the world is very easy to set up and requires fewer formalities compared to a limited liability company. The upside to investing in partnerships in Malta is that even if you are a foreign investor, you will enjoy the same rights as Maltese investors.
Registration of partnerships in Malta follows the stipulations of the the Companies Act of 1995. The types of partnerships that can be formed in Malta are:
- general partnerships (partnership “en nom collectif”) and,
- limited partnerships (partnership “en commandite”).
All commercial partnerships are considered separate legal entities by law and they are regulated by the Trade Register.
Malta has probably one of the fastest growing economies in Europe—and is one of the most targeted investment destinations on the planet. This is owed to its top-notch business facilities, a friendly tax system, and expedient business policies.
The island of Malta has a dominantly male workforce. Investments made into Malta’s labor force have ensured the nation is well equipped with skilled labor. The Maltese government also offers free education and vocational training programs in order to improve skilled labor in the country.
EU and Swiss citizens do not require a work permit in order to work in the country. Third country citizens must obtain a work permit issued by the Department of Citizenship and Expatriate Affairs, the same institution responsible for issuing the e-Residence cards.