Breaking Down the ICV Certificate UAE Process for First-Time Applicants

 

Breaking Down the ICV Certificate UAE Process for First-Time Applicants

The ICV certificate in UAE has become a crucial requirement for businesses looking to participate in government and semi-government tenders, particularly in the Abu Dhabi and federal procurement sectors. If you're applying for the ICV certificate for the first time, the process can seem overwhelming — but don't worry. This guide will walk you through each step of the application, ensuring you're prepared and confident.

What is the ICV Certificate in UAE?

The In-Country Value (ICV) certificate is part of the UAE government’s initiative to localize spending, create job opportunities for Emiratis, and boost the UAE economy. Companies that possess a valid ICV certificate are given preference when bidding for projects by entities such as ADNOC, Aldar, Etihad Rail, and other participating organizations.

It reflects how much of your business operations are conducted within the UAE — including local hiring, Emiratization, procurement, and investment.

Who Needs an ICV Certificate?

Any company that wants to work with ICV-participating entities — particularly in oil & gas, construction, logistics, manufacturing, and services sectors — should obtain the ICV certificate in UAE.

Even if your company is not currently bidding on such projects, obtaining the certificate can improve your credibility and long-term competitiveness.

Step-by-Step ICV Certification Process in UAE

Here's a breakdown of the full process for first-time applicants:


1. Understand the Requirements

Before you begin, you should gather essential information:

  • Latest audited financial statements (must be less than 2 years old)

  • Company trade license

  • Organizational structure

  • HR and payroll data

  • Procurement and supplier details

🔹 Pro Tip: Make sure your financials are prepared according to IFRS standards, as this is mandatory.

2. Choose an Approved Certifying Body

Only authorized certifying bodies are allowed to issue the ICV certificate in UAE. Examples include:

  • Ernst & Young

  • KPMG

  • PwC

  • Deloitte

  • Other MOIAT-approved firms

Contact these bodies to understand their pricing and document checklist.

3. Prepare & Submit Documentation

You’ll need to provide:

  • Audited financial statements

  • Staff list including nationality breakdown

  • Capital investments and asset values

  • Supplier/vendor data (local vs international)

  • Emirati employment contributions

You’ll also be required to fill out the ICV template provided by MOIAT (Ministry of Industry and Advanced Technology).

4. ICV Evaluation and Scoring

The certifying body will assess your company based on the following components:

  • Goods manufactured or services provided in UAE

  • Investment in local assets

  • Emiratization rate

  • Third-party local spending

  • Training of UAE nationals

Each category carries a certain weight, contributing to your final ICV score.

5. Receive Your ICV Certificate

Once the review is completed (usually within 5–15 working days), you’ll receive your official ICV certificate in UAE. This certificate is valid for 14 months from the date of your audited financials.

Tip: Apply for re-certification annually or after any major business changes.

Why Is the ICV Certificate in UAE Important?

  • Preferred in government tenders

  • Higher evaluation scores in procurement systems

  • Opportunity to win long-term contracts

  • Supports national Emiratization and industrial goals

  • Shows commitment to local economic development

Common Mistakes to Avoid

  • Submitting outdated or unaudited financials

  • Failing to use MOIAT's official ICV format

  • Omitting supplier/local spend data

  • Ignoring HR documentation for Emirati employees

Final Thoughts

Getting the ICV certificate in UAE for the first time may seem complex, but with the right preparation and a certified consultant, the process becomes straightforward and beneficial. If your business aims to expand in the UAE public or semi-government sector, securing the ICV certificate isn’t just an option — it's a necessity.

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