Under Danish law, accounting records must normally be retained
in Denmark. However, this may be very impractical for international
groups of companies, and Danish companies and branches may
therefore apply for permission to retain accounting records outside
of Denmark. So far, permission has only rarely been granted, but
several recent decisions mark a change of practice, granting
permission to retain accounting records outside of Denmark.
Denmark or the Nordic countries
Under the Danish Bookkeeping Act, accounting records must in
general be retained in Denmark. However, accounting records may
also be retained in the Nordic countries (Finland, Iceland, Norway
or Sweden) provided that: (a) the accounting records are retained
in accordance with the Danish Bookkeeping Act; (b) it is possible
to retrieve the records at any time; and (c) any description of
systems etc. and passwords are retained in Denmark in order to
enable public authorities to access the accounting
