Boost Your Business with ICV Certification
Maximize Your Opportunities with Accuvat’s In-Country Value (ICV) Certification Services
At Accuvat Chartered Accountants, we help businesses unlock new opportunities by achieving In-Country Value (ICV) certification. With ICV certification, your company can gain a competitive edge in the UAE’s procurement processes and align with the nation’s economic goals. Our experienced team will guide you through the certification process, ensuring you meet all the necessary requirements and achieve the best ICV score possible.
What is ICV?
The In-Country Value (ICV) program is an initiative launched by the UAE government to encourage local production, services, and development. It focuses on enhancing the country’s economic growth by promoting local suppliers and manufacturers, increasing local employment, and developing national competencies. Businesses that hold ICV certification are more likely to secure government and semi-government contracts, as the program incentivizes entities to select local companies with higher ICV scores.
What Are the Benefits of ICV?
1. Access to Government Contracts
ICV-certified companies are prioritized in procurement processes with government entities and large corporations in the UAE.
2. Competitive Advantage
Improve your chances of winning bids and tenders with a strong ICV score.
3. Enhanced Marketability
Showcase your commitment to contributing to the UAE’s local economy, enhancing your brand image.
4. Increased Local Investment
Boost your business’s attractiveness to local and international investors by demonstrating compliance with the UAE’s economic priorities.
5. Support National Development
Be part of a national initiative to promote local employment and investment in the UAE’s economy.
Why Choose Accuvat?
Expertise in ICV Certification
With years of experience helping businesses navigate the ICV certification process, we understand how to maximize your ICV score and secure compliance efficiently.
Tailored Solutions
We offer personalized ICV consultation services to ensure your business meets the necessary criteria and benefits from the program.
Comprehensive Support
From initial assessment to final certification, our team will be with you every step of the way.
Competitive Pricing
Our ICV services start at AED 4999, making it accessible for businesses of all sizes to achieve certification.
FAQ on In-Country Value (ICV)
1. What is the purpose of the ICV Program?
The ICV Program aims to enhance local economic development by prioritizing UAE-based companies in procurement processes and encouraging the employment of local talent.
2. Which companies are required to have ICV certification?
Any company looking to bid for government or semi-government contracts, especially within sectors like oil & gas, energy, and infrastructure, must obtain ICV certification.
3. How is the ICV score calculated?
The ICV score is based on several factors, including local procurement, Emiratization, local investments, and the company’s contribution to the UAE economy.
4. Is ICV certification mandatory?
While ICV certification is not mandatory, companies without certification may face difficulties in securing government contracts or bids with ICV requirements.
5. What documents are required for ICV certification?
Businesses must provide audited financial statements, employment records, procurement details, and other relevant financial and operational information.
6. How often do I need to renew my ICV certification?
ICV certification is valid for one year and must be renewed annually to maintain eligibility for contracts and tenders.
7. What is the ICV certification process?
The certification process involves assessing your company’s financials and operations against the ICV framework, followed by an official audit to confirm compliance.
8. Can I improve my ICV score after the initial certification?
Yes, businesses can improve their ICV score by increasing local procurement, Emiratization, and investments in UAE-based operations.
9. How long does it take to get ICV certified?
The certification process typically takes between two to four weeks, depending on the complexity of the business and the availability of required documents.
10. Why should I outsource ICV certification to Accuvat?
Accuvat’s team of experienced professionals ensures that your certification process is smooth, fast, and optimized for the best possible score, providing full support throughout the process.
