"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. Oy can participate in the market publicly, without restrictions on the demands of shareholders and directors, but 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.