Three directors are required to form the Board of Directors, which acts as the executive body managing the company. They can be either individuals or legal entities, with no nationality or residency restrictions —
directors can be residents of any country.
Typically, the board of directors includes:
- President — the main executive director of the company;
- Secretary — responsible for internal documents, protocols, and corporate reporting;
- Treasurer — oversees the company's financial matters.
Roles may be redistributed, and one person may hold multiple positions. However,
three distinct names are still required in the documents — even when using
nominee directors.