Finland Oy

"Oy" is a legal entity in Finland, with the full name "Osakeyhtiö" meaning "limited company". It is a form of a combined ownership company, where shareholders have limited liability. An Oy cannot be listed on a regulated market (only a public limited company, Oyj, can be), and it requires at least one director. Oy does not need to appoint a legal representative, have a local person as a director, or have a company secretary. While Finland does not specify a minimum registered capital, typically it is at least 2,500 euros. Oy does not require verification of capital and has no such requirement.