There are 30 (not including the United Kingdom) EEA states with passporting rights: Austria, Belgium, Bulgaria, Croatia, Cyprus*, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.
*Cyprus - although the whole of Cyprus became part of the EU in May 2004, EU legislation only applies to the Republic of Cyprus (the Southern part of the island) and so passporting rights only exist in Southern Cyprus.
Channel Islands & Isle of Man - the Single Market directives do not apply in Jersey, Guernsey, and the Isle of Man even though they are Crown dependencies. This means that firms based in these territories are treated in the same way as firms based in a non-EEA state and do not have passporting rights under the Single Market directives.
Similarly, UK firms do not have passporting rights into the Channel Islands and the Isle of Man. UK firms will have to apply directly to the relevant financial regulator in each territory for permission to conduct business there. The PRA and FCA have no formal involvement in this process (although firms should keep the PRA and FCA informed of their activities).
Gibraltar - Gibraltar has a different status to the Channel Islands and Isle of Man and the Single Market directives apply to it in full. The United Kingdom and Gibraltar have agreed special arrangements under the Gibraltar Order. UK firms intending to conduct business in Gibraltar should follow the same instructions for passporting in other EEA states. We will then notify the Gibraltar regulator.
Switzerland - Switzerland is not an EEA state therefore there are no passporting rights under any of the Single Market directives. That said EEA general insurers do have the right to set up an establishment in Switzerland (and vice versa) under the provisions of special bilateral treaties between the European Union and Switzerland. However, it is important to note that this is not a passport right – a Swiss general insurer will still need to obtain a Part 4A permission to set up a branch in the United Kingdom (although such a branch would not need an additional permission for insurance distribution).