A VTC licence is an administrative authorisation for the hire of vehicles with a driver, regulated by the LOTT (Law 16/1987) and its implementing regulations. It enables the provision of pre-booked transport services — those you request via an app such as Uber, Cabify or Bolt, or by direct booking — using a vehicle registered under that authorisation.
Three features make it an asset rather than a mere permit:
- It is in short supply (as yet). For years, the 1/30 ratio effectively kept the door to new authorisations closed. In 2024, the Supreme Court overturned its automatic application, but obtaining a new authorisation remains a lengthy process with an uncertain outcome: the operational supply is barely growing in the short term.
- It is transferable. It can be sold, bought or leased, subject to approval by the autonomous community’s transport authority.
- It generates income. When operated with a driver and a ride-hailing platform, it generates verifiable monthly revenue.
This is why there is a secondary market with prices ranging from around €15,000 in provinces with low demand to nearly €200,000 in the most competitive markets (see the price index with source, month and sample). At VTC360, this market operates using verified data and a secure settlement process.
LAST REVIEWED · Jul 19, 2026 — VTC360 guide: general criteria, not advice for your specific case.