ICV Certificate for our SME in UAE
Get your ICV Certificate in UAE with expert guidance to boost your score, ensure compliance, and win government contracts. Fast, hassle-free ICV certification services.
National In-Country Value (ICV) Certification is no exception to our premiere certification services.
We offer trusted and approved ICV Certification services in UAE.
The ICV Program, launched under the UAE’s “Projects of the 50,” is a government initiative to benefit the local economy by encouraging government entities and major national companies to buy from UAE-based suppliers, manufacturers, and service providers. The program measures how much companies invest in local products/services and the industry.
It’s a key part of the UAE’s plan to build a strong, self-sufficient economy by attracting talent and investors, supporting Emirati entrepreneurs, and creating high-quality partnerships.
As an authorized certifying body in the UAE, Farahat & Co. helps businesses obtain their ICV Certificate quickly and in full compliance with the Ministry of Industry and Advanced Technology (MoIAT) and ADNOC guidelines. Our experts ensure the accurate preparation of all documentation, smooth coordination with the approved certifying bodies, and provide transparent reporting, thereby enabling your best ICV score.
The In-Country Value (ICV) Certificate is an official document showing how much your firm contributes to the economy of the UAE. It is part of the National ICV Program, launched by MoIAT, to support local industry, job creation, and economic diversification.
The ICV Certificate is issued to suppliers by authorized Certifying Bodies, evaluating their contribution to the UAE economy. Certified suppliers are then able to submit the ICV Certificate to any of the Participating Entities in the program.
The ICV score is stated on the system-generated ICV Certificate and reflects the total amounts spent on local products and services, investments, and the hiring and development of Emiratis, as per MoIAT’s approved formula.
Factors on which your company’s ICV score is calculated are as follows:
This score is used by government and semi-government entities to evaluate bids. A higher score increases the chances of winning contracts. Without an ICV Certificate, companies default to a score of zero and are therefore less competitive.
The certification of ICV is based on audited financial statements as on date and other relevant data verified by the authorized certifying body.
Stepwise procedure:
With over 30 years of experience, we’ll ensure you always get the best service.
The advantages of obtaining an ICV Certificate include:
An ICV Certificate is required for working with government or semi-government companies in the UAE. Though it may not be a requirement by law, to be competitive in the tender process, having this certificate is extremely important. Companies without it receive a zero ICV score, which can disqualify them from bidding.
Farahat & Co. provides complete assistance for ICV certification. Our services include:
1. Financial Statement Review:
We review your audited financial statements to determine their conformity with MoIAT’s format and standards. These statements are prepared under IFRS and carry the signature of either a UAE-licensed or a Ministry-approved auditor and should not be older than 2 years from the year of certification.
2 . ICV Template Preparation:
We fill out the official ICV template in all its details with information about local purchases, salaries, capital assets, and other relevant metrics for your company. The utmost care must be exercised—as a mistake may cause delay or rejection of your application.
3.MoIAT-Authorized Certifying Body:
The ICV certificates are issued only by the firms approved by the MoIAT. Farahat & Co. is a professional service firm who is an authorized certifying body for verifying and issuing the ICV Certificate to suppliers based on the Ministry of Industry and Advanced Technology (MoIAT) criteria.
4. Strategic Advisory:
Strategically, we provide an understanding of your current ICV score and practical techniques for improving the score, like employing UAE nationals, sourcing products locally, or investing in UAE infrastructure.
Farahat & Co. is here to help you simplify the entire ICV certification process. We ensure accurate and timely compilation of documentation and submission.
Our services include:
With years of experience in audit, accounting, and compliance services in the UAE, we help clients maximize their ICV score while being fully compliant with MoIAT requirements.
To apply for the ICV Certificate in UAE, you will need:
We provide a thorough review of all documents before submission to ensure compliance and avoid rejection or delay.
The ICV Certificate shall be valid for a period of 14 months from the date of issuance of the Audited Financial Statements. Therefore, companies are advised to renew their certificates annually to remain eligible for tenders and for listing in the suppliers’ listings.
At Farahat & Co., our consultants continue to provide support to ensure your certification is updated and compliant with all regulatory updates from MoIAT and ADNOC.
This process usually takes about 5 to 10 working days, depending on how accurate your documents and financials are.
It’s mandatory for companies bidding on tenders from ADNOC and other ICV-participating entities. Optional for others not seeking government contracts.
There’s no set standard, but your chances and preference tend to increase in the tender evaluation process with a higher score.