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    ICV Certification in UAE

    ICV Certification in the UAE (In-Country Value) is an initiative set by the government to promote companies to contribute further to the UAE economy. It helps local businesses grow by giving priority in contracts to those who are hiring local employees, buying local products, or building locally. If your company is looking to work with any major clients, such as ADNOC or related recognized entities, having an ICV certificate is extremely important. The certificate guarantees that you are more likely to win projects and build trust with your partners, authorities, and stakeholders. Arabian Wingz can help you with the ICV certification process in a simple, timely, and entirely compliant manner.

    Significance of the ICV Certificate for Businesses in UAE

    Obtaining an ICV certification in the UAE affirms that your business contributes to the national economy. This is a key compliance requirement that helps you become more competitive in tenders and establish a common ground for partnership in many industries. The importance of the ICV certification can be highlighted by the following benefits:
    • Your ICV certification increases your chance of winning contracts with major key companies such as ADNOC and other companies owned by the government.
    • Your ICV score improves through hiring additional Emirati workers, which supports national growth and the deployment of Emirati talent.
    • ICV Certification in UAE helps to lower your operational costs by encouraging you to buy from local suppliers and vendors.
    • Your company's reputation is enhanced when you have an ICV certificate. This further helps to create greater trust among customers and potential new partners.
    • Industrial growth is supported through incentives provided to companies that source national production and investment in the UAE.

    Understanding the ICV Certificate in the UAE

    The In-Country Value (ICV) Certificate is a government-approved document designed to show how much value a business brings to the UAE economy. This certificate was launched by ADNOC but is now administered by the Ministry of Industry and Advanced Technology (MOIAT). The ICV program, which examines businesses’ contributions to local wealth creation in three areas (employment, investment, and sourcing), encourages businesses to bring more value to the economy. Through the ICV program, businesses are encouraged to add value in the local economy. Businesses receive a higher ICV score for employing Emirati nationals, contracting with local suppliers, and investing in the UAE economy. The program strives for three goals:

    01
    Economic Contribution
    Companies that utilize more local goods and services contribute to the economic growth of the UAE and can attract foreign investment, while also benefiting local small and medium-sized enterprises.
    02
    Human Capital Development
    Companies can receive higher ICV scores if they employ UAE nationals and promote career development. This outcome seeks to develop and retain talent in critical industries.
    03
    Technology Adoption
    The ICV system encourages businesses to resource new tools, encourage research, and invest in innovation, leading to progressive and competitive UAE industries in international markets.

    How Arabian Wingz Supports ICV Certification in the UAE

    As a reputable ICV certification service provider, Arabian Wingz assists companies in having a smooth experience while applying for an ICV certificate. Our services include:

    Expert Support

    We help companies in the UAE to understand the certification process and requirements adequately through clear instructions and ongoing support.

    1
    Completion of ICV Template

    Our experts will assist you with the completion of the ICV template, ensuring that your submission is in line with Ministry of Industry and Advanced Technology (MOIAT) guidelines.

    2
    Financial Documentation Preparation

    We assist clients in collecting, reviewing, and organizing financial documents, including audited accounts, in compliance with IFRS.

    3
    Efficient Application Submission

    Arabian Wingz makes sure that all documents and the ICV template are submitted to the certifying authority in a timely manner with no delays.

    4
    Evaluation Preparation

    We thoroughly prepare companies for the certification assessment to ensure all the data is correct and accurate.

    5
    Communication Facilitation
    We serve as a communication bridge between authorities and your business, addressing any questions or follow-up requests from the certification team promptly.
    6
    Issue the ICV Certificate
    Once companies pass the review, we issue the ICV certificate to formally recognize the business’s participation in the economy of the UAE.
    7
    Perform ICV Audits

    Our qualified ICV auditors conduct full-fledged ICV audits to ensure compliance and assist companies in closing the gaps of the ICV process.

    8

    How To Calculate the ICV Score in the UAE?

    The ICV score is calculated by distributing weight across key components of a company’s business expenses:

    • Manufacturing expenses and third-party spending make up 50% of the total score.
    • Investments contribute 25% to the overall weight.
    • Emiratization efforts account for 15% of the score.
    • Expatriate contributions represent 10% of the weighting.
    • An additional 5% bonus is granted based on revenue generated outside the UAE, from the Emirati head office, and investment growth.
    • Manufacturers involved in the Industrial Technology Transformation Index (ITTI) receive a further 5% bonus.

    Validity of an ICV Certificate in UAE

    The ICV certificate is valid for 14 months from the date of the audited financial statements, after which companies can apply for recertification within that period. However, the expiration date remains fixed and always calculated from the initial certificate issuance date. Arabian Wingz can help you with the overall renewal process to ensure that your business remains compliant and operates efficiently in a stringent country like the UAE.

    Eligibility criteria for an ICV certification in the UAE

    Companies must meet a number of prerequisites in order to be granted an ICV Certificate in the UAE. These consist of the following:
    Official registration

    Businesses need to be registered with the appropriate UAE regulatory bodies and have a current trade license.

    Active UAE operations
    The business needs to show a strong physical presence in the local market and carry out business operations adequately.
    Sector Compliance

    Every industry has its own standards. Businesses must demonstrate progress in areas like localization, capital investment.

    Accredited Assessment
    An ICV score is issued after a complete audit of financials, operational performance, and local impact by an independent certification body.

    Renewal Procedure for ICV Certification UAE

    To keep its validity, ICV certification in the UAE needs to be renewed on a regular basis. The following procedures must be followed by businesses during the renewal process:
    • Submission of Revised Reports: Updated financial statements, vendor engagement records, and relevant supporting documentation must be submitted by businesses.
    • ICV Score Update: Using the new data, a new evaluation is conducted to generate an updated ICV score.
    • Review and Validation: To make sure the submitted documents are accurate, the certifying body may carry out a formal review or audit of your comprehensive business operations.
    • Certification Renewal: After verification, the certificate is extended for an additional term, confirming ongoing compliance with ICV standards.

    Why Choose Arabian Wingz as Your ICV Certification Partner in UAE?

    Arabian Wingz is one of the leading ICV certification providers in the UAE. The company is dedicated to providing accurate and timely ICV audit services to businesses of all sizes. We are a preferred partner for the following reasons:

    • ICV Domain Expertise: Our auditors provide strategic guidance based on industry-specific standards and are knowledgeable about the complexities of ICV evaluation.
    • End-to-End Process Handling: We meticulously monitor each stage of ICV certification, from the initial financial analysis to the coordination of the audit.
    • Broader Financial Solutions: We also help companies with internal audits, tax advice, and accounting system setups in addition to ICV services.
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