# passporting

Pronunciation: US say "PAS-por-ting" /ˈpæspɔɹtɪŋ/; UK say "PAHS-paw-ting" /ˈpɑːspɔːtɪŋ/

## Noun

1. The provision of commercial services in another EEA country without needing separate authorization to operate there.
   - Simple: A company's right to provide its services in other EEA countries without getting separate approval in each one.
   - _The firm relied on passporting to market its investment products in France and Germany without a local license._
   - _Losing passporting rights forced the asset manager to relocate part of its operations to Dublin._

## Origin

Formed from "passport" combined with the suffix "-ing".

Source: DictionaryAI, https://dictionaryai.com/define/passporting (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).