Nova Scotia is a Canadian province on the easternmost Canadian Atlantic Ocean’s coast.
It is bordered by Newfoundland and Labrador to the north, New Brunswick to the west and the Atlantic Ocean to the east and south. Its capital is Halifax. Nova Scotia’s economy has traditionally relied on several sectors like Agriculture, Offshore Oil and Gas production and film making but recently, Tourism and Information and Communication Technology have been contributing in large parts. Nova Scotia is the world’s major exporter of Christmas trees.
- TYPE OF COMPANY: Corporation
- COMPANY LAW: The Companies Act 1931 – 1993 (as amended)
- SUFFIX TO DENOTE LIMITED LIABILITY: Limited, Ltd, Corporation, Corp, Incorporation, Inc.
- DIRECTORS: Minimum one who must be Canadian resident – we can provide (corporate directors not allowed)
- SECRETARY: Yes who can be of any residency or nationality, either a natural person or corporate body – we can provide
- SHAREHOLDERS: Minimum one – we can provide
- CLASSES OF SHARE: Registered
- CAPITAL REQUIREMENTS: Minimum CD$1
- OWNERSHIP: 100% Foreign ownership allowed
- TIME TO INCORPORATE: 1 day
- REGISTERED OFFICE: Required in Nova Scotia – we can provide
- ANNUAL RETURN: Yes
- ACCOUNTS: Yes
- DISCLOSURE: Yes
- TAXATION: Varies from Nil% to 14%
- GOVERNMENT LICENCE FEE: Minimum US$ 150
- DOUBLE TAXATION TREATIES: 86
- LANGUAGE OF DOCUMENTATION: English and French
If you would like further information on setting up a company in Nova Scotia or the formation of a Nova Scotia company or other Nova Scotia corporate entities or require professional advice relating to taxation or the structuring and requirements of a Nova Scotia company, please contact us. We can also provide advice on establishing a subsidiary, joint venture or foreign company to carry on business in Nova Scotia.
We can provide a wide range of support and administration services, bank introductions, nominee directors, nominee shareholders, virtual offices, accountancy and legal services. We can also advise on compliance with all the regulatory and statutory requirements.