A Partnership en Commandite can be formed by two or more shareholders, trading under a company name, and must have its company headquarters in Malta. It is formed by a deed of incorporation, which must then be duly registered.
The capital consists of payments made by shareholders, which can be represented by shares.
Partnership en Commandite obligations are guaranteed by the unlimited joint and several liability of one or more partners, the general partners. The other shareholders, the limited partners, are only liable for the share capital they have put into the partnership.
The Partnership en Commandite accounts do not need to be audited, unless its capital is represented by shares, in which case auditors need to be appointed and its accounts organised in the same way as for a limited liability company.