What is an ICV Certification?
“ICV certification is a process to certify supplier or contractor ICV score by the independent pre-approved ICV certifiers. The major purpose of ICV Certification is to ensure the validity and accuracy of the information provided by suppliers in terms of ICV Contribution.”
What is an ICV certificate in UAE?
As a result of the In-country Value (ICV) Programme being implemented at the national level in the United Arab Emirates (UAE) by the Ministry of Industry and Advanced Technology (MOIAT), numerous entities all across the UAE have started incorporating the ICV programme into their strategic business plans and procurement procedures.
The programme considers local manufacturing expenditure, local products and services, local investments, and Emirati hiring and development. Its goal is to support domestic industry and redirect spending on goods and services into the domestic economy.
Steps to Obtain ICV Certificate in UAE:
To obtain the ICV certificate, follow these steps:
- Register on the ADNOC ICV portal: The first step is to register on the ADNOC ICV portal and complete the online application.
- Prepare the necessary documents: You will need to provide company documents, financial statements, and employee data.
- Submit the application: Submit the application online through the ADNOC ICV portal and wait for the application review process.
- ICV certificate issuance: If the application is approved, you will receive the ICV certificate. The certificate is valid for one year and can be renewed annually.
Benefits of ICV Certification in UAE:
There are many benefits to obtaining the ICV certificate, including:
- Qualification for tenders and contracts: Companies with the ICV certificate are eligible to participate in government tenders and contracts in the UAE.
- Enhanced business opportunities: Having the ICV certificate can enhance your business opportunities in the UAE, as many government and private sector entities prefer to do business with ICV certified companies.
- Increased competitiveness: The ICV certificate can help make your company more competitive in the market.
- Demonstrates commitment to UAE economy: Obtaining the ICV certificate demonstrates your company’s commitment to the growth and development of the UAE economy.
Required Documents to get an ICV (IN-COUNTRY VALUE) Certificate in UAE:
- Company’s audited financial statement
- List of procured goods and services.
- WPS reports.
The goals of the ICV Certification program are:
- Emiratization: Creating extra employment opportunities for UAE nationals in the private sector;
- GDP diversification: Supporting UAE GDP diversification through sourcing more products and services within the UAE
- Strategic considerations: Localizing strategically critical links of the value chain for chosen categories.
For enquiries, call +971 45 570 204 / E-mail: [email protected]
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