Alternate officers can be appointed. At least three directors who may be either persons or corporations of any nationality, are required. However, if the number of shareholders are less than three the number of directors have to be equal to but not less than the number of shareholders. Alternate directors can be appointed. At least one shareholder is required but there is no maximum limit.
Shareholders can be persons or corporations of any nationality.
It is not obligatory to file the names of the officers, directors and shareholders with the Registrar of Companies but all other documents filed with the Registrar are accessible to the public. Annual General Meetings must be held. However meetings of directors, officers and shareholders can take place anywhere in the world. The internal affairs of the corporation is ruled by the Bye-Laws which are adopted by the Board of Directors. Alterations of the Bye-Laws can only be done by a vote of the shareholders.