Under the Economic Partnership Agreement between the European Union and the countries in CARIFORUM, may a Barbadian firm provide taxation advisory services in Europe?

February 09 2012 | Taxation Advisory Services

Barbadian companies may invest in or establish a legal entity in the EU to provide taxation advisory services.  Please be aware that there are certain conditions placed on these services depending on the country in which the Barbadian firm plans to operate. 

In Austria, Barbadian tax advisors’ (who must be authorised according to the laws of Barbados) equity participation and shares in the operating results of any Austrian legal entity may not exceed 25%.  This applies only to non-members of the Austrian Professional Body.

In Cyprus access by Barbadians is subject to economics needs tests. The main criterion of the test is the employment situation in the sector.


Austria, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Spain, Greece, Finland, Hungary, Ireland, Italy, Lithuania, Latvia, Malta, Poland, Romania, Slovak Republic,  and Slovenia also place limitations on the acquisition of land and real estate, while the following countries impose limitations that require senior management personnel or Directors to have either local citizenship or residency:  Estonia, Finland, Italy, Romania and Sweden.