ICV Certificate Dubai

The UAE government created the National In-Country Value Program (ICV) to help the Ministry of Industry and Advanced Technology (MoIAT) boost industry productivity and sustainability. The Program considers local manufacturing spending, commodities and services, investments, Emirati hiring and education, and job creation. The scheme promotes UAE manufacture and recycles consumer spending.

The Abu Dhabi Department of Economic Development (ADDED), represented by the Department of Government Support, which serves as an umbrella for 62 local entities, the Abu Dhabi National Oil Company (ADNOC), and Aldar Properties are just a few of the government organizations and top national businesses that make up the Program’s strategic partners. In the near future, a number of new partners are anticipated to join the program.

Primary goals of the program include the growth of new local businesses, Strategic localization of supply chains and services expanding exports, diversifying the economy, and encouraging and attracting foreign investment.

Enhancing spending on R&D and cutting-edge technology; Contributing to the growth of the national GDP; Creating worthwhile job opportunities in the private sector; Increase the share of the private sector in the GDP of the country.

You can utilize the same certificate for the National ICV Program if your business has previously earned the Unified ICV certificate.

For the ICV Certificate’s verification and issuance, MoIAT has granted authorization to a select group of professional firms. We are excited to help you with the certification process as one of the Certifying Bodies.

Any organization, whether located inside or outside the UAE, may receive an ICV Certificate by following the ICV requirements. The National ICV Program may compel Tier 1 suppliers (suppliers that directly provide products or services to the Program’s Partners) to disclose their ICV Score because it plays a crucial role in the evaluation and awarding of their tenders. In order to ensure that Tier 2 and lower providers are competitive in their tenders with Tier 1 suppliers, they could also be asked to produce their ICV Certificate.

The Company’s value addition to the UAE economy is indicated by the ICV Score. The following factors are taken into account to determine the Score, which is expressed as a percentage: Manufacturing of Goods/Third Party Investment Emiratization Exports, Emirati Population Growth, and Investment Growth: Expatriate Contribution Bonus.

After the audited financial accounts are released, the ICV Certificate is valid for 14 months.