As far as required, we will process and store your personal data for the duration of our business relationship, e. g. including the preparation and processing of a contract. Please note that our business relationship is a continuing obligation that is set up to last for years.
Furthermore, we are subject to various storage and documentation obligations, inter alia resulting from the German Commercial Code (Handelsgesetzbuch; HGB), the Tax Code (Abgabenordnung; AO), the Banking Act (Kreditwesengesetz; KWG) and the Anti-Money-Laundering Act (Geldwäschegesetz; GwG). The time limits stipulated there for archiving or documentation are up to ten years.
Finally, the storage duration may also be according to the statutory expiration periods, e.g. usually three years according to Sections 195 et seqq. of the German Civil Code (Bürgerliches Gesetzbuch; BGB), and in certain cases also up to thirty years.