Application for operating a car rental service

General information

It is necessary for a service provider to get a licence in order to be authorized to run a car rental in Iceland. The rental of used cars shall be carried out at a stable infrastructure.

Conditions

A service provider has to comply with the following conditions:

  1. Be resident in the EEA area,
  2. Have reached twenty years of age,
  3. Have legal rights and have not during the immediate past three years in connection with professional operations been subject to Judgment for an act subject to penalty according to the Penal Code or the Acts respecting Public or Private Limited Companies, book-keeping, annual accounts, bankruptcy or official dues as well as the Acts respecting the sale of used vehicles.
  4. Have the administration of his estate,
  5. Have submitted a policy in evidence of their having taken guarantee insurance with an approved Insurance Company, acquired a bank guarantee or submitted other guarantees which the Icelandic Road Administration deems valid and will indemnify customers in respect of loss which they may cause them by failure to comply with a license agreement. Further provisions concerning the guarantee insurances, i.e. minimum amount and terms of insurance, shall be determined by means of Regulations.

Application