An ICV (In-Country Value) Certificate measures a company's contribution to the UAE economy under the National In-Country Value Program. It assesses eligible economic contributions based on the program's applicable methodology.
Led by the UAE Ministry of Industry and Advanced Technology (MoIAT), the National ICV Program encourages local procurement, strengthens domestic industries and supports economic diversification.
An ICV certificate can help businesses compete in tenders where participating entities consider ICV scores during procurement evaluations. However, holding a certificate does not guarantee a contract or mean that every UAE company must obtain one.
This guide explains what an ICV certificate is, its benefits, how the score works, the documents required and how businesses can apply.
What is the National ICV Program in the UAE?
The ICV program was established to support the Ministry of Industry and Advanced Technology's (MOIAT ) mandate in the United Arab Emirates (UAE), which is to provide a world-class environment for the industry, research, and development.
The ICV program has four key objectives:
- To create an ecosystem that supports and encourages local industry
- To build knowledge and capabilities within the UAE
- To support the development of new and innovative products and services
- And to create an attractive investment environment.
The National ICV Program encourages businesses to strengthen their contribution to the UAE economy. For suppliers participating in eligible tenders, an ICV score may be considered during procurement evaluations. The program also supports local industry development, strengthens domestic supply chains and encourages investment in the UAE. The benefits available to each business depend on the relevant procurement requirements and evaluation criteria.
How Can Businesses Get Help With ICV Certification?
Businesses applying for ICV certification need to prepare the required financial information, supporting documents and ICV submission details. Understanding the applicable assessment requirements can help companies prepare their applications and address documentation gaps before submission.
Reyson Badger is a reliable firm that can assist you to get an ICV certificate in UAE. The company has been operational for over 10 years and has a team of experienced professionals. Reyson Badger offers a complete package of in-country value services with the help of an ICV certifying body in the UAE, including project management, feasibility studies, economic analysis, and more.
The company has worked with some of the biggest names in the country and is known for its quality services and competitive prices. The company is dedicated to providing the best possible service to its clients and has a track record of success.
Reyson Badger is an organization that aids in getting an in-country value certificate in the United Arab Emirates. The work process of the organization is as follows:
- Help you to assess the value of a project and its compliance with local content requirements.
- Assist you to certify the value of a project to ensure that it meets all in-country value requirements.
- Once the project is certified, Reyson Badger assists with its registration and implementation.
The In-Country Value Program Service in UAE creates opportunities for Emirati companies and entrepreneurs to develop and commercialize their products and services in the international marketplace.
What Is an ICV Certificate Used For?
An ICV certificate demonstrates a company's assessed contribution to the UAE economy under the National In-Country Value Program. It may be used during tender evaluations by participating entities that consider ICV scores in their procurement decisions.
It is highly recommended that businesses interested in obtaining ICV certification services in the UAE consult with certified ICV auditors in Dubai to ensure that the process is completed correctly and efficiently. Reyson Badger , one of the top accounting and auditing firms, provides top-notch ICV certification services in the UAE. We have a team of highly experienced auditors who can advise you on the best course of action when it comes to ICV certification. Seeking the assistance of ICV auditors in UAE will help you gain a keen understanding of what is ICV certificate, the ICV certificate process, and how to get an ICV certificate. Please don't hesitate to reach out if you have any further questions.
