A party who meets all of the following conditions may obtain an operating permit for a car rental.
Good reputation, that is, that the applicant or the responsible person has not been guilty of criminal conduct (criminal record)
Professional liability insurance from a recognized insurance company
Legal domicile within the European Economic Area (EEA)
Authority to manage an estate, confirmation that the applicant is not in bankruptcy proceedings (certificate of estate - Búsforræðisvottorð)
Cars intended for rental owned by the applicant
Applicable registration with the Tax Registry of Companies
Debt with public fees, taxes with the collectors of the Treasury or contributions to a pension fund does not exceed ISK 500,000
Service provider
The Icelandic Transport Authority