What about staff? What Barbadian staff may we send to an EC country to operate our business under the EPA?
February 09 2012 | Audit
Once again, there are general guidelines and specific EC country guidelines governing the staffs of Barbadian firms wishing to operate in Europe.
Generally, the senior staff of a Barbadian entity responsible for setting up an Auditing Services business may remain for ninety (90) days during any 12-month period.
Key personnel (described under the EPA as managers and specialists) are allowed to remain in EC countries for up to three years. Graduate trainees being sent to the EC may remain for one year.
The following countries have established conditions on Barbadian (and other CARIFORUM) Audit Professionals relocating for employment:
Austria: Austrian law contains a nationality requirement for representation before the competent authorities, and for performing audits in specific practice areas (e.g. joint stock companies’ law, exchange law, banking law).
Denmark: There is a residency requirement.
Spain: There is a nationality requirement for statutory auditors and for administrators, directors, and partners of companies other than those covered by the Eighth EEC Directive on Company Law.
Finland: There is a residency requirement for at least one of the auditors of a Finnish liability company.
Greece: There is a condition of nationality for statutory auditors.
Italy: There is a nationality requirement for administrators, directors, and partners of companies other than those covered by the 8th EEC Directive on Company Law.
Sweden: Only auditors approved in Sweden may perform legal auditing services for certain legal entities, i.e. in all limited companies. Residency is required for approval.