For a pension provider to have a pension scheme approved in Denmark, it must be authorised to operate as a life insurance company, pension fund or credit institution in an EU or EEA member state. This means that pension providers in countries outside the EU and the EEA must be permanently established in an EU or EEA member state if they want to offer pension schemes under the Danish tax deduction and exemption rules.

Moreover, the pension provider's approval must not have been withdrawn by The Danish Tax Agency. The Danish Tax Agency may withdraw an approval if the pension provider no longer meets the conditions for contributors being granted a tax deduction or exemption.