what is an NSULC
An NSULC is incorporated pursuant to the Nova Scotia Companies Act. A memorandum of association, a solicitorâs declaration and a list of officers and directors must be filed with the Registrar of Joint Stock Companies.nother option would be to use two NSULCâs in order to allow the U.S. purchaser to deduct purchase price interest. First, Targetco would be continued in Nova Scotia as an ordinary Nova Scotia company.