10 Steps to Secure Your ICV Certificate in Dubai Efficiently

 

10 Steps to Secure Your ICV Certificate in Dubai Efficiently

If you're doing business in the UAE, especially in government-related sectors, securing an ICV certificate in Dubai has become a critical step. The In-Country Value (ICV) program is designed to boost economic diversification, support local suppliers, and encourage Emiratization.

Whether you're a new business or an established one looking to expand in Dubai, this guide outlines the 10 essential steps to obtain your ICV certificate efficiently and avoid unnecessary delays.

Step 1: Understand What the ICV Certificate Is

The ICV certificate in Dubai is a government initiative that evaluates a company’s contribution to the UAE economy. This includes metrics like local procurement, Emirati workforce employment, and manufacturing activities within the country. It is especially important for companies looking to work with ADNOC or other government entities.

Step 2: Check If Your Company Needs It

Not every company requires an ICV certificate. It is most essential for suppliers, contractors, and service providers bidding on government and semi-government projects in Dubai or other emirates. If you’re aiming to participate in tenders, having the ICV certificate in Dubai gives you a competitive edge.

Step 3: Gather All Required Financial Documents

Before applying, ensure your audited financial statements are ready. They must be:

  • Prepared according to IFRS standards

  • Not older than 2 years

  • Audited by a registered UAE auditor

These documents form the foundation of your ICV evaluation.

Step 4: Choose a Certified ICV Certifying Body

Only a few certifying bodies in the UAE are authorized to issue the ICV certificate. Choose a recognized firm in Dubai that is approved by the Ministry of Industry and Advanced Technology (MoIAT).

Tip: Go for a certifier with experience in your industry to speed up the process.

Step 5: Fill Out the ICV Template

Download and complete the official ICV template provided by MoIAT. It captures key financial and operational data, such as:

  • Goods/services sourced locally

  • UAE-based salaries and wages

  • Capital investments

  • Emirati employment stats

Make sure all data is accurate and verifiable.

Step 6: Schedule a Review with the Certifier

Your selected certifying body will audit your filled template and supporting documents. This is a key step where discrepancies can lead to rejections or delays in your ICV certificate Dubai application. Be proactive in clarifying doubts during this phase.

Step 7: Submit the Application and Await Approval

Once reviewed and finalized, the certifier submits the application on your behalf. The processing time may vary but usually takes between 3–10 business days. Keep communication open with the certifying body for real-time updates.

Step 8: Receive Your ICV Certificate

After successful validation, you will receive your official ICV certificate in Dubai. The certificate is valid for 14 months from the date of your audited financial statement. It can now be used in tender evaluations and supply chain opportunities with major UAE entities.

Step 9: Monitor Compliance and Track ICV Impact

Even after receiving the certificate, it’s essential to track your ICV performance. Companies that continuously improve their ICV score will be in a better position during contract bids and renewals.

Step 10: Renew the Certificate Annually

The ICV certificate must be renewed every year, based on updated financials. Begin the renewal process in advance to avoid any disruption in tender participation or contract eligibility.

Final Thoughts

Securing your ICV certificate in Dubai is more than just a compliance step — it’s a strategic move that opens doors to high-value contracts and partnerships in the UAE. By following these 10 steps efficiently, you can streamline the process, minimize delays, and ensure your business stays competitive in the market.

Location: Oxford Tower - office 103 Al A'amal St - Business Bay - Dubai - United Arab Emirates

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