We definitely recommend a VPS or Dedicated server with at least 1 core, 512MB Ram and 20GB SSD. All this will depend on the amount of data and traffic your site receives. Please consult your system administrator.
Apache 2+
PHP 7.3+
Short Tags
GD support
mod_rewrite
Gettext
Curl
MySQL 5+
OpenSSL
SoapClient
ZipArchive
Be sure the php.ini has short_open_tag = On