This article was first published in HFMWeek Special
Report - Malta 2016 (February 2016).
André Zerafa of GANADO Advocates studies the Maltese
limited partnership as a vehicle for private equity and venture
capital strategies.
One of the primary considerations for any fund promoter is the
choice of corporate structure for the collective investment scheme
which will be used to raise capital and eventually make
investments. The structure would need to tick several boxes
particularly in relation to investor rights, control, voting, the
management structure, investment period and last but not least
taxation. The limited partnership structure, which is available in
Malta, ticks all these boxes. Limited partnerships were originally
introduced back in 1962 through the Commercial Partnerships
Ordinance; however, it was only in 2003 that the legislator felt
the need to cater for limited partnerships which have collective
investment as their main or sole objective. The
