This code can only be used for accounts in a specific country
This error means the code you are trying to redeem is restricted to a specific country and does not match the country set on your Epic Games account.
First, check the country on your account and update it if needed by following How do I change the country on my Epic Games account?
Note: You can only change your account country if you have moved permanently. Temporary travel does not qualify.
If the country on your account is already correct and you still receive this error, the code cannot be redeemed on your account. In this case, contact the retailer where you purchased the code for further assistance.