ICV Certification Services in UAE

The In-Country Value (ICV) Certification is a government-driven initiative in the UAE aimed at enhancing the country’s economic growth, creating job opportunities for Emiratis, and boosting local industries. Initially introduced in 2018 by ADNOC (Abu Dhabi National Oil Company), the program was later expanded into a unified national program under the Ministry of Industry and Advanced Technology (MoIAT) in 2021.

For businesses, obtaining an ICV certificate in UAE is not only a compliance requirement but also a competitive advantage when bidding for contracts with participating entities.

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Who Needs an ICV Certificate?

Any company operating in the UAE that wishes to supply goods or services—directly as suppliers or indirectly as subcontractors—to participating government and semi-government entities is required to obtain an ICV Certificate. Without this certification, suppliers may face limitations in securing tenders from these entities.

Benefits of ICV Certification

Access to tenders from participating entities such as ADNOC, Aldar, Etisalat, and more.

Higher chances of winning contracts through better ICV scores.

Demonstrates commitment to the UAE’s national economic development strategy.

Enhances corporate reputation and builds long-term credibility.

Encourages structured growth through local hiring and sourcing.

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How to Get an ICV Certificate in UAE?

At Everest Chartered Accountants LLC | Everest Accounting & Tax Advisory LLC, we guide businesses through every step of the ICV certification process:

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Prepare Audited Financial Statements

Companies must submit financial statements prepared as per IFRS (International Financial Reporting Standards). For newly established businesses (less than 10 months old), management accounts can be used.

Fill in the Unified ICV Template

The official template, provided by the participating entities, needs to be completed using financial data.

ICV Audit & Evaluation

An authorized certifying body will assess your financials and issue an official ICV Certificate.

Obtain & Submit Certificate

Once issued, the certificate can be used across all participating entities.

Validity of ICV Certificate

An ICV Certificate is valid for 14 months from the date of your latest audited financial statements. It must be renewed annually to remain eligible for government tenders.

ICV Audit in UAE

The ICV audit is a mandatory step before issuing the certificate. The audit evaluates your company’s economic value contribution to the UAE economy, ensuring compliance with government guidelines.

ICV Improvement Plan

Having a strong ICV Improvement Plan significantly boosts your chances during tender evaluation. Even if you already have a high score, a detailed improvement plan demonstrates your company’s commitment to further increasing local value contribution.

At Everest, we help businesses prepare an ICV Improvement Plan that outlines measurable steps—like hiring more Emiratis, sourcing locally, or increasing UAE-based investments—to strengthen your future ICV scores.

Key Objectives of the ICV Certification Program in UAE

Support localization of supply chains

Stimulate foreign investments and diversify the economy

Create employment opportunities for UAE nationals

Increase private sector contribution to GDP

Encourage exports and industrial growth

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Why Choose us for ICV Certification in UAE?

At Everest Chartered Accountants LLC | Everest Accounting & Tax Advisory LLC, we specialize in ICV consultancy and certification support. Our services include:

End-to-end ICV consultancy services in UAE

Preparation and audit of financial statements as per IFRS

Assistance in completing the Unified Supplier Submission Template

Drafting and reviewing the ICV Improvement Plan

Liaison with authorized certifying bodies

Strategic guidance to continuously improve ICV scores

With our expertise, you can be confident that your company meets all compliance requirements while gaining a competitive edge in government tenders.

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FAQ

Questions You're Probably Asking

If you’ve made it this far, you’re either very interested or have questions. Here are a few frequently asked questions.

Still looking for answers?

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What is ICV Certification in UAE?

The In-Country Value (ICV) Certification measures a company’s contribution to the UAE’s economy based on local sourcing, Emiratization, and investments.

Why is ICV Certificate important for businesses in UAE?

It allows suppliers to participate in tenders with ADNOC and other participating entities, increasing contract-winning opportunities.

Who issues ICV Certificates in UAE?

ICV Certificates are issued only by authorized certifying bodies approved by MoIAT.

How long is an ICV Certificate valid?

It remains valid for 14 months from the date of the latest audited financial statement.

What documents are required for ICV Certification?

Audited financial statements, Emirates ID and trade license copies, and the filled ICV Template are typically required.

How long does it take to get an ICV Certificate?

Depending on the readiness of documents, certification may take 2–4 weeks.

Can Free Zone companies apply for ICV Certificate?

Yes, Free Zone entities in UAE can obtain ICV certification if they supply to participating entities.

Ready to start your ICV Certification with our experts in Dubai,UAE?

With Everest Chartered Accountants LLC | Everest Accounting & Tax Advisory LLC by your side, your business can smoothly navigate the ICV certification process in UAE, boost its ICV score, and secure more opportunities with leading government and semi-government entities.

Office 605, Silver Tower, Business Bay, Dubai, UAE

+971 55 428 9720

+971 (0) 4 437 2228

info@everestaccounts.com