The ICV Certificate Dubai is issued to companies after assessing their economic contribution to the local economy. Businesses with a valid ICV certificate gain a significant advantage in government and semi-government tenders, as contract awards are partially evaluated based on the company’s ICV score.
At Reyson Badger, we assist businesses in obtaining their ICV Certificate in Dubai and across the UAE, as well as in strategically improving their ICV score, ensuring stronger competitiveness during tender evaluations and procurement processes.
ICV Certificate in Dubai & UAE
An ICV Certificate in Dubai measures a company’s contribution to the UAE economy through factors such as local procurement, manufacturing, investment, Emiratization, and revenue generated outside the UAE.
Businesses in Dubai that participate in UAE government procurement and related programs may need an ICV Certificate to demonstrate their contribution to the local economy. The certificate is based on the company’s financial and operational information and is assessed using the ICV framework.
To obtain an ICV Certificate in Dubai, companies generally need to provide IFRS-compliant audited financial statements along with the required supporting documents. The financial statements used for the assessment must meet the applicable ICV requirements.
Guidelines for Obtaining an ICV Certificate in Dubai, UAE
- Only MoIAT-approved certifying bodies can issue ICV certificates
- Separate ICV certificates are required for each trade license
- Branches under one license may receive a combined certificate
- Financial data must match the latest audited financial statements
- Newly established companies (under 10 months) may use management accounts
- Once selected, a certifying body cannot be changed without valid justification
- All values must be reported in AED
- Supporting documentation must be provided for all figures
- Any misrepresentation may result in penalties or tender disqualification
Who Needs an ICV Certificate Dubai?
Tier 1 Suppliers
Companies supplying directly to ICV-participating government and semi-government entities.
ICV score is mandatory during tender evaluation.
Tier 2 & Lower-Tier Suppliers
Suppliers to Tier 1 companies.
ICV certification improves competitiveness and procurement opportunities.
ICV Score & Its Importance
The ICV score measures the extent to which a company contributes to the UAE’s economy. A higher ICV score significantly enhances a company’s competitiveness in government and semi-government tenders, improving its chances of securing contracts.
Key Components of the ICV Score Include:
- Local manufacturing and procurement from UAE-based suppliers
- Capital investments made within the UAE
- Employment of UAE nationals (Emiratization)
- Contribution of the expatriate workforce
- Revenue generated outside the UAE
- Year-on-year growth in local investments
How is the ICV Score Calculated?
General Formula:
ICV Score = (Total UAE Spend ÷ Total Revenue) × 100
Manufacturers:
(Local manufacturing costs + Emirati costs + 60% of expatriate costs) ÷ Total costs
Suppliers:
(Local procurement value × supplier ICV score + Emirati costs + 60% of expatriate costs) ÷ Total costs
Investment-Based Entities:
(Net book value of UAE assets ÷ Total net book value)
How to Improve Your ICV Score
- Increase sourcing from UAE-based suppliers
- Hire and train Emirati nationals
- Invest in UAE manufacturing or infrastructure
- Expand local operations and facilities
- Transfer technology and knowledge locally
Eligibility for ICV Certification
To qualify for ICV certification, companies must:
- Plan to participate in UAE government or semi-government tenders
- Have audited financial statements prepared in compliance with IFRS standards
- Obtain certification through MoIAT-approved ICV certifying bodies
- Maintain accurate, transparent, and verifiable financial records
Step-by-Step: How to Get an ICV Certificate in Dubai, UAE
1. Prepare audited financial statements or management accounts
2. Complete the official ICV template
3. Submit documents to an authorised certifying body
4. Undergo evaluation and verification
5. Receive the ICV Certificate
Benefits of ICV Certification in Dubai, UAE
- Preference in government tenders
- Improved business credibility
- Increased market competitiveness
- Stronger local supply chain presence
- Support for UAE economic diversification
- Long-term sustainability and growth
How Much Does ICV Certification Cost in UAE?
The cost of obtaining an ICV Certificate in the UAE depends on the company’s size, financial information, certification requirements and the Certifying Body selected. According to the Ministry of Industry and Advanced Technology (MoIAT), the service fee can range from AED 500 to AED 10,000.
The overall cost may include:
- MoIAT-related service fees: The applicable fee depends on the company’s details and certification requirements.
- Certifying Body fees: Companies are required to select a Certifying Body, and the certification process involves fees payable to the audit firm.
- Audit and documentation costs: Additional professional costs may apply for financial review, document preparation, data verification and audit support, depending on the company's requirements.
- Additional expenses: Certain cases may involve additional expenses related to assessment, travel, transportation or other applicable requirements.
How Long Does ICV Certification Take?
MoIAT currently indicates a service time of approximately 14–28 working days for ICV certification. The actual timeline may vary depending on the completeness of the company's documents, the audit process and the complexity of the financial and operational information being reviewed.
For an accurate estimate of the cost and timeframe applicable to your business, it is advisable to review your company details and certification requirements before beginning the ICV process.
Ready to Get Your ICV Certificate in the UAE?
Directing ICV certification requires precise financial mapping and compliance check-ups. Here is how we guide you through the process:
- Eligibility Review: Assess your company structure and audited financial statements.
- Document Preparation: Prepare your ICV template, calculate your preliminary score, and organize supporting documents.
- Final Certification: Coordinate directly with an authorized certifying body to issue your official certificate.
Get Started with Reyson's ICV Certification Services in the UAE
Conclusion
At Reyson Badger, we simplify the ICV certification process in the UAE by connecting businesses with trusted, approved ICV consultants who ensure accuracy, compliance, and timely certification. Whether you are bidding for government tenders or strengthening your position with ADNOC and major UAE entities, our expert-backed approach helps you maximize your ICV score while avoiding costly errors. With a clear understanding of UAE ICV guidelines and a focus on long-term value, Reyson Badger supports your business in achieving certification confidently and leveraging it for sustainable growth in the UAE market.
FAQs
What is an ICV Certificate in Dubai?
An ICV Certificate measures a company's contribution to the UAE economy. It can help certified suppliers gain advantages in tenders and contracts based on their ICV score.
Who needs an ICV Certificate in Dubai?
Companies that intend to participate in procurement programs of entities implementing the National ICV Program may need an ICV Certificate to meet applicable tender or supplier requirements.
How can I get an ICV Certificate in Dubai?
You can apply through the MoIAT ICV platform, select an authorized Certifying Body, submit the required information and documents, undergo verification/audit, and receive the system-generated certificate.
What documents are required for ICV certification?
The main requirements include a valid business licence and audited financial statements. Additional supporting documents may be required depending on the company's size and circumstances.
How much does an ICV Certificate cost in Dubai?
ICV certification costs depend on the company and certification requirements. MoIAT currently states that service fees can range from AED 500 to AED 10,000.
