ICV Certificate Dubai: Boosting In-Country Value (ICV) in the UAE

The UAE has been actively promoting economic diversification and sustainable growth through various initiatives, one of which is the In-Country Value (ICV) program. The ICV Certificate in Dubai plays a crucial role in this strategy, ensuring that businesses contribute to the nation’s economic development while enhancing their competitiveness in the market.

What is the ICV Certificate?

The ICV Certificate is an official accreditation granted to companies operating in the UAE, measuring their contribution to the country’s economy. It is part of the UAE’s In-Country Value (ICV) Program, launched by the Abu Dhabi National Oil Company (ADNOC) and later adopted by other government entities, including the Ministry of Industry and Advanced Technology (MoIAT).

This certification evaluates a company’s local investment, Emiratization efforts, and procurement of UAE-based goods and services. The higher the ICV score, the more favorable the company’s position in securing government contracts and tenders.

Why is the ICV Certificate Important in Dubai?

Dubai, being a global business hub, attracts a wide range of industries. Obtaining an ICV Certificate in Dubai offers several advantages, such as:

• Competitive Edge in Government Contracts: Companies with a high ICV score are prioritized in government and semi-government procurement.

• Enhanced Business Opportunities: Many private-sector entities also prefer working with ICV-certified companies.

• Contribution to Economic Growth: The program ensures that a significant portion of business revenue is reinvested in the UAE economy.

• Support for Local Suppliers and Workforce: Encourages the use of UAE-based resources, including locally manufactured goods and Emirati employees.

How to Obtain an ICV Certificate in Dubai?

Businesses operating in Dubai must follow these steps to secure an ICV Certificate:

1. Financial Audit – Companies must have their financial statements audited by an accredited firm, as the ICV score is based on audited financials.

2. Application Submission – Submit the required documents to an ICV Certifying Body authorized by MoIAT.

3. ICV Score Calculation – The ICV score is determined based on revenue, local procurement, investment in the UAE, and workforce contributions.

4. Certificate Issuance – Upon approval, companies receive the certificate, which remains valid for 14 months from the date of issuance.

Who Needs an ICV Certificate?

The ICV Certificate is essential for:

• Companies bidding for government contracts and projects under ADNOC, Etisalat, DEWA, and other entities.

• Businesses aiming to strengthen their market position in Dubai.

• Suppliers and manufacturers seeking partnerships with ICV-compliant companies.

Conclusion

The ICV Certificate in Dubai is a valuable asset for businesses looking to expand their presence in the UAE. It not only enhances a company’s eligibility for government contracts but also promotes long-term sustainability by supporting local industries. By obtaining an ICV Certificate, businesses contribute to the UAE’s vision of economic growth, diversification, and increased local value creation.

If you’re a business owner in Dubai, securing an ICV Certificate can help you unlock new opportunities and strengthen your standing in the UAE market.