What is ICV Certification?
In-Country Value (ICV) certification is a program introduced by the UAE government to promote economic growth and local value creation within the country. The ICV program evaluates how much a company contributes to the UAE economy through local investments, employment of UAE nationals, sourcing from local suppliers, and overall business activities within the country.
The certification is issued based on audited financial statements and a detailed evaluation of the company’s operations. Businesses with a higher ICV score gain a competitive advantage when participating in government and semi-government tenders, especially with entities like ADNOC and other major organizations.
ICV is not just a certification it is a strategic tool that helps businesses align with national economic goals while improving their market positioning.
FAQs
Answers to the most frequently asked questions.
1. What is ICV certification in the UAE?
ICV certification (In-Country Value) is a government-backed program that measures a
company's contribution to the UAE economy. It evaluates local spending, hiring of
Emirati nationals, and investment in the UAE. The certificate is essential for
businesses bidding on ADNOC and government contracts, particularly in Dubai, Abu
Dhabi, and across the UAE.
2. Who needs an ICV certificate in Dubai and Abu Dhabi?
Any company supplying goods or services to ADNOC, government entities, or large
semi-government companies in the UAE, including Dubai and Abu Dhabi, needs the
ICV certificate. This requirement covers multiple industries like oil & gas, construction,
healthcare, and logistics.
3. What are the benefits of having an ICV certificate in the UAE?
Obtaining the ICV certificate enhances your business's credibility, helps win
government contracts, supports UAE’s economic diversification goals, and increases
your competitive advantage in Dubai and the wider UAE market.
4. What documents are required for ICV certification in Dubai and UAE?
Key documents include audited financial statements prepared according to IFRS, a
valid trade license, tax returns, the completed ICV application template, and relevant
business information such as the Memorandum of Association.
5. How do I apply for ICV certification and consulting services in Dubai?
To apply, select an approved ICV certifying body, prepare audited financials, complete
the ICV scorecard detailing local sourcing and Emirati workforce contributions, and
submit for evaluation. Bericht offers expert ICV certificate consulting services in Dubai
and the UAE, guiding businesses through the entire process.
6. How long is the ICV certificate valid in the UAE?
The ICV certificate is valid for 14 months from the date of submission of audited
financial statements or until new financials are issued, whichever is earlier. Renewal
is necessary to maintain eligibility.
7. Can Bericht help with ICV certificate services in Dubai and Abu Dhabi?
Yes, Bericht provides specialized ICV certificate consulting services in Dubai, Abu
Dhabi, and across the UAE, ensuring your business meets all certification
requirements and maximizes its local value score.
8. Why choose Bericht for ICV certification consulting in the UAE?
Bericht combines deep local expertise with practical experience in UAE regulations,
helping businesses quickly obtain and renew ICV certificates with accuracy and
compliance, giving them a strategic advantage in Dubai and the UAE market.
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