Car rental permit

Those wishing to rent out vehicles subject to registration without a driver need a permit from the Icelandic Transport Authority.

The process

Supporting documents

It is important to submit all supporting documents with an application.

• Criminal record of the guardian

• Professional liability insurance from a recognized insurance company

• Estate guardianship certificate of the guardian

• Confirmation that the applicant’s total debt related to public dues, taxes and pension fund contributions does not exceed ISK 500,000. No-debt certificate or confirmation from Iceland Revenue and Customs and the applicable pension fund

• Registration number of the vehicles scheduled for rental. The vehicles have to be registered in the applicant´s name

• If applicant or it´s representative has had a legal domicile registered in another country, a certificate from criminal record from the applicable country/countries has to be turned in with the application

The applicant must have notified the Directorate of Internal Revenue of their business operations. The registered business classification must be appropriately related to the relevant industry.

Processing of applications

• The Icelandic Transport Authority issues a car rental permit when all conditions are met and following a positive statement from the municipality.

• When a request for documents is not complete or the conditions are not met the Icelandic Transport Authority notifies them by e-mail.

• A vehicle rental service shall have a storage place where vehicles subject to registration are stored. Processing of applications for car rental permits is dependent on the time taken by the relevant municipality to provide a review on the location of the storage place. A request for a review is sent when all documentation and payments regarding the application have been received by the Icelandic Transport Authority and the review is expected within 30 days.

Cost

• The cost of car rental permit is in accordance with the tariff of the Icelandic Transport Authority and is 138.865 ISK

• Certificates and documents that need to be obtained from other institutions shall be paid for by the applicant.