![]() ![]() ![]() Non-profit companies registered without members, may be registered with a standard or a customized Memorandum of Incorporation (MOI). The members of a non-profit company are persons who participate in the activities of the non-profit company, such as members of a church or a pension fund. A non-profit company is not required to have members. A non-profit company must have at least three incorporators and three directors and may be registered with or without members. The income and property of a non-profit company is not distributed to its incorporators, members, directors, officers or persons relating to any of them and must be used to advance the purpose for which it was created, as set out in its memorandum of incorporation. A non-profit company is a company incorporated for public benefit or other objective relating to one or more of cultural, social activities, communal or group interest.
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