As part of the UAE’s economic diversification strategy, the ICV Certification in UAE promotes local investment, partnerships, and Emirati employment. For tourism businesses, securing In-Country Value (ICV) Certification is no longer optional; it directly impacts growth, eligibility for government contracts, and brand reputation.
What is In-Country Value (ICV) Certification?
ICV Certification in the UAE is a program that has been formulated in the context of the National In-Country Value program, which is established in the UAE. It is an indication of the contribution a business has to the economy of the place where it resides in with emphasis on:
- Hiring UAE nationals.
- Obtaining local goods and services.
- Investment in local infrastructure and capacity-building.
- Adding to GDP in terms of local expenditure, in terms of operation.
The computation of the ICV score of a company allows the authorities and large companies to estimate the level of value added by the businesses to the UAE economy.
This certification is becoming imperative to tourist companies as tourism is already identified as one of the pillars of the UAE Vision 2030 and beyond.
Why the ICV Certificate is Important for Tourist Companies?
- Government Contracts and Tenders
Many public entities and large private sector buyers require suppliers to have an ICV Certificate. Tourist companies bidding for government-sponsored events, national tourism initiatives, or state partnerships stand a stronger chance with a certified ICV score. - Competitive Edge
With the tourism market highly saturated, companies that demonstrate social and economic responsibility through In-Country Value (ICV) Certification are better positioned to attract both government and private partnerships. - Contribution to Economic Diversification
The UAE government is pushing businesses to support local industries and workforce development. By having an ICV Certificate, a tourism company shows alignment with national goals. - Brand Credibility
Tourists and corporate clients increasingly favor companies that prioritize sustainability and community impact. ICV Certification reflects that commitment. - Long-term Growth
An ICV Certificate isn’t just a compliance document. It opens doors for partnerships, funding opportunities, and priority consideration in competitive bids.
ICV Certification Process for Tourist Companies
The ICV certification process follows a structured evaluation. Here’s a simplified breakdown:
- Financial Audit
The company must submit audited financial statements, as these form the base for calculating the ICV score. - Data Submission
Information about local purchases, Emirati workforce employment, training, and capital investments is provided. - Evaluation by Certifying Bodies
Accredited auditors review the data and calculate the ICV score based on specific program criteria. - Issuance of Certificate
Once approved, the company receives the ICV Certificate UAE, valid for 14 months from the date of the financial statements used. - Renewal
Tourist companies must renew the certificate annually to maintain eligibility in procurement and partnership processes.
Ways in Which Tourist Companies Can Enhance Their ICV Score
- Hire More UAE Nationals: Invest in training programs to utilize the Emiratis in different positions as a tour guide, travel consultant or being customer service representative.
- Buy Local: Source local services to providers of transportation, catering and cultural activities.
- Invest Locally: Invest some of your capital in infrastructure in the UAE, such as installing offices or training facilities or technology solutions.
- Support SMEs: Collaborate with the UAE-based SMEs, which additionally makes the local economy stronger.
- Sustainability Focus: Use environmentally friendly practices and services that are consistent with the sustainability goals of the UAE.
The advantages of the ICV Certification on the UAE Tourism Industry.
In the case of tourist firms, this implies:
- More chances of collaborating with government tourism boards.
- More opportunities to participate in mega events such as expo-related events, international conferences, and destination promotion.
- The image of a responsible participant in the economy of the UAE, can appeal to both investors and customers.
FAQs on ICV Certificate for Tourist Companies in UAE
- What is an ICV Certificate in UAE?
The ICV Certificate is an official document that measures how much a company contributes to the local economy through hiring Emiratis, local spending, and investments. - Is ICV Certification mandatory for tourist companies?
While not all tourist companies are legally required to obtain it, those looking to partner with government entities or large corporations in the UAE will need an ICV Certificate to qualify for tenders. - How long is an ICV Certificate valid?
It is valid for 14 months from the date of the financial statements used for the certification. - Can small tourist agencies apply for ICV Certification in UAE?
Yes, even small and medium-sized enterprises in tourism can apply. The process evaluates their scale of local contribution, not just their size. - What documents are required for ICV Certification?
Key documents include audited financial statements, proof of local purchases, employee records, and data on local investments or partnerships.
How ICV Certificate UAE Empowers Tourist Companies for Growth and Compliance
Obtaining the ICV Certificate UAE is more than a regulatory requirement for tourist companies; it is a strategic move that positions your business as a trusted, responsible, and competitive player in the UAE’s thriving tourism market. By completing the ICV Certification in UAE process, your company ensures compliance, unlocks access to major government contracts and partnership opportunities, and contributes meaningfully to the nation’s economic goals. For any tourism business operating in the UAE, securing an ICV Certificate UAE is an essential investment in growth, credibility, and long-term success. Contact us today and get your business certified for ICV.
