Why Multinationals And Their Advisors Should Consider Including Nova Scotia Companies In Their Structures

Nova Scotia can deliver significant benefits to multinational entities as a result of the province's unique corporate law framework, multinational-friendly tax regime, abundance of government incentives and enticing geographic advantages. Here are some of the factors to consider.

I. The Companies Act - Nova Scotia has the Most Flexible Canadian Incorporation Statute

• The Nova Scotia Companies Act ("NSCA") follows the historic English system of incorporation in which the constating documents (the memorandum of association and the articles of association) are contractual in nature, providing tremendous flexibility to drafters.
• The NSCA is markedly less comprehensive than typical modern incorporation statutes and consequently, far more of the governance and regulation of Nova Scotia companies is left to common law jurisprudence and to the internal provisions contained in each company's articles of association.