Business and non-profits across Nova Scotia will be able to register their companies easier.
A modernized Registry of Joint Stock Companies I.T. system is being implemented.
Geoff MacLellan, Minister of Business, Energy Trade and Service Nova Scotia, says the system now is paper-based.
The cost and time-alotted to register, print forms and make paper payments adds up.
He says there’s a lot of time and money wasted.
“And with the digital economy, and the move to I.T. services and everything being online, we’re just way behind,” he says.
“In terms of capabilities and ease of processing for businesses in particular.”
Modernizing the system will save businesses roughly $7 million annually.
MacLellan says rural businesses have to drop everything to go into Access Nova Scotia sites to make changes, register or do things over the phone.
He says it takes up a lot of time and draws resources when businesses should be focusing on how to make profits.
“All the things that make companies grow, and allow them to thrive, is really what we have to be focused on,” he says.
“And Registry of Joint Stocks sounds like a mundane thing, but really it’s critical to businesses.”
MacLellan says it’s a big step for the rural economy.
The new Registry of Joint Stock Companies I.T. system will be in place fall of 2019.
