What are the conditions for Barbadian Engineering Services firms wishing to enter EU countries?
February 09 2012 | Engineering Services
Those conditions vary from country to country in the EU. For example, in Bulgaria, if a Barbadian Engineering Services firm’s project is deemed to have national or regional significance, the investors in the project must act as sub-contractors in partnership with local Bulgarian investors.
In other countries, there are limitations on the activities of Barbadian Engineering Service providers within the country. The following chart lists the conditions by country:
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Austria, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Spain, Greece, Finland, Hungary, Ireland, Italy, Lithuania, Latvia, Malta, Poland, Romania, Slovak Republic, and Slovenia: There are limitations imposed on the acquisition of land and real estate. |
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Estonia, Finland, Italy, Romania and Sweden: There are limitations requiring local citizenship or residency of senior management or Board of Directors. |
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Poland: There are limitations on the type of business permitted. |
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Bulgaria, France, Finland and Italy: There are limitations on the type of investment e.g. a maximum percentage for foreign shareholding or voting rights. |
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EC: Limitations on the treatment extended to branches and agencies. |