ICV Certification Services in Dubai and the UAE
In the competitive business environment of the UAE, demonstrating your company’s contribution to the local economy is more than a formality — it can significantly influence your success in winning contracts.
At Fintrack Tax Consultants LLC, we guide businesses across Dubai and the UAE through the In-Country Value (ICV) certification process, helping ensure that your application is accurate, compliant, and effectively positioned to maximize your score.
What Is ICV Certification and Why It Matters
The In-Country Value (ICV) program was launched by Abu Dhabi National Oil Company (ADNOC) in 2018 to encourage businesses to invest in the UAE economy and strengthen local supply chains.
Since its introduction, ICV certification has become an essential benchmark for companies supplying government entities, semi-government organizations, and large national corporations.
ICV certification evaluates the extent to which your business contributes to the UAE economy through:
● Local procurement of goods and services
● Investments in UAE-based assets and operations
● Employment of UAE Nationals (Emiratization)
● Local manufacturing and operational activities
A strong ICV score can provide a competitive advantage in tenders and procurement processes, positioning your business as a committed and reliable partner.
Key Elements Evaluated in ICV Certification
When applying for ICV certification, certifying bodies assess your business against several key criteria:
● Local Procurement and Sourcing: The proportion of goods and services purchased within the UAE.
● Local Manufacturing and Operations: Investments in UAE-based production or operational activities.
● Capital Investments: Tangible assets and financial investments within the country.
● Emiratization: The employment and payroll contributions of UAE Nationals.
● Expatriate Contribution: Weighted evaluation of non-national workforce contribution.
● Additional Value-Added Activities: Depending on your industry, other operational contributions may also factor into the score.
The ICV scoring methodology is standardized across industries, ensuring consistency and transparency in evaluation.
How Fintrack Tax Consultants LLC Supports Your ICV Certification
Navigating the ICV certification process can be complex, especially for companies managing multiple projects and deadlines. Our role is to make the journey as smooth and efficient as possible.
Our ICV services include:
● Initial Consultation and Assessment: We evaluate your business structure, operations, and financial statements to determine eligibility and potential score.
● Documentation Preparation: We assist in compiling all necessary data, including procurement records, payroll, asset registers, and supplier information.
● Application Management: We complete and submit your ICV application accurately using the official template, minimizing errors that could delay certification.
● Coordination with Certified Bodies: We liaise with approved ICV certifying bodies to ensure timely verification and scoring.
● Score Optimization Guidance: We provide insights on improving your ICV score in future cycles.
With our support, companies can approach the ICV process confidently, knowing all requirements are met and submissions are fully compliant.
ICV Certification Timelines and Validity
● Processing Time: Once all documentation is submitted, certification typically takes a few days to a few weeks, depending on company size and complexity.
● Validity: ICV certificates are usually valid for 14 months from the date of the audited financial statements used in the application.
● Startups and New Companies: Companies under 10 months old may use recent management accounts in lieu of audited financial statements, ensuring accessibility for newer businesses.
Who Should Consider ICV Certification
ICV certification is essential for businesses that:
● Supply goods or services to government, semi-government, or large national corporations
● Plan to participate in UAE tenders or procurement processes
● Seek to strengthen credibility and demonstrate commitment to the UAE economy
● Operate in industries such as construction, manufacturing, logistics, supply, or professional services
● Aim to improve transparency, compliance, and competitive positioning in the UAE market
For these companies, ICV certification is not just a compliance requirement — it is a strategic business advantage.
Why Partner with Fintrack Tax Consultants LLC
At Fintrack, we combine expert knowledge of UAE regulatory frameworks with hands-on experience in ICV compliance. Here’s what sets us apart:
● Deep understanding of UAE economic and regulatory requirements
● Complete end-to-end support, from documentation to certification
● Guidance to maximize ICV scores without compromising accuracy
● Transparent processes and clear timelines for peace of mind
● Tailored solutions for both SMEs and large enterprises
Our goal is to make ICV certification straightforward, ensuring your business can focus on operations while we handle the complexities.
Frequently Asked Questions (FAQ)
What is the purpose of ICV certification in the UAE?
ICV certification measures how much a business contributes to the UAE economy through local spending, investments, manufacturing, and employment. It is commonly required for companies working with government and semi-government entities.
Is ICV certification mandatory?
No, it is not mandatory for all businesses. However, many government and semi-government tenders require ICV certification, making it critical for companies seeking to win large contracts.
What documents are required for ICV certification?
Audited financial statements, trade license, payroll data, supplier information, asset registers, and other operational records are typically required. New companies may use recent management accounts if audited statements are not available.
How long does it take to obtain an ICV certificate?
Certification typically takes a few days to a few weeks, depending on business size and document readiness.
How long is an ICV certificate valid?
ICV certificates are generally valid for 14 months from the date of the audited financial statements used in the submission.
Can startups get ICV certified?
Yes. Startups under 10 months old may use recent management accounts for ICV application, making certification accessible even to new businesses.
Do I need separate ICV certificates for multiple legal entities?
Yes, each legal entity requires its own ICV certificate. Combined certificates may be possible only if multiple operations are under a single license.
How can Fintrack help improve my ICV score?
We analyze your procurement, investments, and workforce structure to identify opportunities to increase your score for future cycles, helping you become more competitive in tenders.
Ready to Start Your ICV Certification Journey?
If your business is preparing for government contracts, seeking to strengthen its UAE market position, or looking to demonstrate a strong commitment to the local economy, Fintrack Tax Consultants LLC is here to guide you.
Contact us today for a consultation — we’ll help you navigate the ICV process smoothly, accurately, and strategically, ensuring your business is well-positioned for success.
