What types of real estate services can Barbadian interests invest in or own in the EU under the Economic Partnership Agreement?
February 09 2012 | Real Estate Services
Under the EPA, Barbadian companies can invest in/establish a legal entity in Real Estate Services involving owned or leased property and Real Estate Services on a fee or contract basis. There are certain conditions placed on Barbadian real estate services providers by certain countries in the EU. Those conditions are:
There are limitations on the acquisition of land and real estate by Barbadian real estate services in Austria, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Spain, Greece, Finland, Hungary, Ireland, Italy, Lithuania, Latvia, Malta, Poland, Romania, Slovak Republic, and Slovenia.
In Estonia, Finland, Italy, Romania and Sweden there are limitations requiring local citizenship or residency of senior management or Board of Directors.
Poland places conditions on the type of businesses Barbadian real estate services firms may invest in or own.
Bulgaria, France, Finland and Italy all have limitations on the types of investments Barbadians are able to make in the real estate services segment, e.g. a maximum percentage for foreign shareholding or voting rights.