Efficient and well-defined Safety Approval Processes is important for Guided Transportation to be widely spread, ensure continuous improvements and to cover a significant part of societies' transportation needs. The current paper addresses the first steps of establishing a Safety Approval Process for Guided Transportation. We have evaluated relevant European regulations and current safety standards for different guided transportation domains. These domains include railway, metro, urban guided transport and hyperloop. The Safety Approval Process covers among others the process involved from concept to decommissioning, relevant stakeholders and the type of information required as part of the safety approval.