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In-Country Value (ICV) Certification

In-Country Value (ICV) Certification is a credential that recognizes companies' contributions to the local economy in the UAE. The certification encourages businesses to prioritize local sourcing, procurement, and investment, promoting economic diversification and growth. By obtaining ICV certification, companies demonstrate their commitment to supporting the UAE's economic development goals and can benefit from preferential treatment in government procurement processes. ICV certification is a valuable asset for businesses operating in the UAE, enhancing their reputation and competitiveness.

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AML Compliance Audit Services help businesses assess and strengthen their anti-money laundering controls, ensuring compliance with regulatory requirements. Bericht's experts conduct thorough audits to identify potential risks, evaluate existing AML frameworks, and provide recommendations for improvement. By partnering with Bericht, companies can mitigate AML risks, protect their reputation, and maintain regulatory compliance, ultimately contributing to a safer and more transparent business environment.

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.

ICV certificate in Abu Dhabi

In recent years, the UAE government has taken major steps to promote local industry and boost the national economy. A key initiative in this direction is the In-Country Value (ICV) program, especially in the Emirate of Abu Dhabi. This Bericht aims to highlight the significance of ICV Abu Dhabi and why obtaining an ICV certificate in Abu Dhabi is crucial for businesses looking to grow in the region. ICV Abu Dhabi refers to the In-Country Value program implemented to support local suppliers and maximize the economic benefit of government spending within the UAE. The initiative is spearheaded by ADNOC and other governmental entities to ensure that more value remains within the country by encouraging the use of local goods, services, and talent. An ICV certificate in Abu Dhabi is a vital document that allows businesses to participate in government and semi-government tenders.

ICV certification in Dubai

Bericht stands out as a reliable and experienced consultancy. One of our key areas of expertise is assisting businesses in obtaining the ICV certification in Dubai. The In-Country Value (ICV) program was introduced by the UAE government to support local economic growth, encourage Emiratization, and increase the use of locally produced goods and services. For companies operating in the UAE, especially those engaging with government entities or major organizations like ADNOC, securing an ICV certificate Dubai is now more important than ever. At Bericht, we simplify the process of getting your ICV certificate in Dubai by providing end-to-end support—from assessing your current standing to helping you improve your ICV score and submitting your application. Our experts stay up-to-date with the latest regulations and ensure that your documentation is fully compliant with the standards required by the ICV program. Whether you're a large corporation or an SME, our team is here to help you leverage the opportunities that ICV Dubai brings. We’ve successfully supported numerous clients across various sectors in achieving their ICV goals, which has not only improved their compliance status but also enhanced their competitiveness in tenders and contracts.

ICV certificate UAE

Expert advice on acquiring an ICV Certificate UAE is our area of expertise at Bericht Audit & Advisory, where we assist companies in navigating the intricacies of arm's length principles and transfer pricing laws. Our team of professionals can help you get an ICV Certificate UAE so that your company can stay competitive and compliant in the UAE. You may increase your reputation and credibility, reduce the chance of non-compliance and the fines that come with it, and strengthen governance and transparency with our all-inclusive support and direction. For your ICV Certificate UAE requirements, you can rely on Bericht Audit & Advisory to handle your company with care.

ICV UAE

Our specialty at Bericht Audit & Advisory is offering knowledgeable advice on ICV UAE certification, assisting companies in navigating the intricacies of arm's length principles and transfer pricing laws. To keep your company competitive and compliant in the UAE, our team of professionals can help you with the ICV UAE certificate application procedure. You can improve transparency and governance, reduce the risk of non-compliance and the fines that come with it, and boost your credibility and reputation with our all-inclusive advice and guidance. You can be sure that your company is in capable hands when you choose Bericht Audit & Advisory for your ICV UAE requirements.

Certification & Regulatory Compliance