AB is the most common form of legal entity in Sweden, and also the most popular. It can be owned by one or more persons, and the shareholders can be individuals or legal entities. The liability of the shareholders is limited to the shares they hold, and they do not bear personal liability. The directors can be of any nationality, but at least one director must be a resident of Sweden. The company must have a company secretary, who can be an internal employee or an individual appointed externally. The registered capital can be in currency, shares, or other property, but it must meet the minimum requirement. The capital verification requirement means that the company must pay in full the registered capital within one year of establishment to ensure the financial stability of the company.