Introduction to ICV Certificate in Dubai & UAE
In the UAE, businesses that wish to work with government entities or certain private sector companies must comply with the In-Country Value (ICV) program. An ICV Certificate evaluates how much of a company’s revenue is spent within the UAE economy, thereby promoting local growth and industrial diversification.
If you are planning to bid for tenders, supply goods, or provide services to companies under the Abu Dhabi National Oil Company (ADNOC) Group or other participating entities, you’ll need an ICV Certificate in Dubai or anywhere in the UAE.
This guide explains everything you need to know about the ICV certification process — including requirements, documents, and how you get certified quickly.
What is the ICV Certificate?
The ICV Certificate is an official document issued by approved certifying bodies that shows a company’s contribution to the UAE’s local economy. It measures factors like:
- Procurement of goods and services from UAE suppliers
- Hiring of UAE nationals
- Local manufacturing and investment
- Spending on training and development
Businesses with higher ICV scores are given preference during tender evaluations.
Why is the ICV Certificate Important for Businesses in Dubai?
The ICV program is more than just a compliance requirement — it’s a competitive advantage. Here’s why:
- Better Tender Opportunities – Higher ICV scores improve your chances of winning government contracts.
- Stronger Business Reputation – Demonstrates commitment to supporting UAE’s economy.
- Access to Key Markets – Many major corporations require an ICV Certificate before doing business.
- Support for Local Growth – Encourages the use of UAE-based suppliers and workforce.
Who Needs an ICV Certificate in UAE?
You will need an ICV Certificate Dubai if you are:
- A supplier to ADNOC or its subsidiaries
- Working with entities that have adopted the ICV program (e.g., Mubadala, Aldar, EDGE)
- Participating in government or semi-government tenders
- A subcontractor to an ICV-compliant company
ICV Certification Process – Step-by-Step
Getting your ICV Certificate involves a series of steps. Here’s how it works:
Step 1: Financial Audit
Prepare your audited financial statements for the most recent fiscal year. These must be IFRS-compliant and audited by a licensed auditor in the UAE.
Step 2: Select an Approved Certifying Body
Choose a certification agency authorized by the Ministry of Industry and Advanced Technology (MoIAT).
Step 3: Fill Out the ICV Template
Complete the ICV scorecard template with details of your:
- Local procurement spending
- UAE national workforce salaries
- Local manufacturing expenses
- Training costs and investments
Step 4: Submit Required Documents
You will need to provide:
- Trade license copy
- Audited financial statements
- Details of procurement and spending
- Employee salary breakdown
- Other supporting records as required
Step 5: Verification & Issuance
The certifying body reviews your submission, verifies the data, and issues your ICV Certificate with a validity of 14 months.
Documents Required for ICV Certification in Dubai
- Valid Trade License
- Audited financial statements
- Purchase and sales invoices
- Employee payroll records
- Investment and training expense reports
- VAT certificate (if applicable)
How ICV Score is Calculated
Your ICV score depends on several factors:
- Goods & Services Procurement – % purchased from UAE suppliers
- UAE National Workforce – % of salaries paid to UAE nationals
- Manufacturing Contribution – % of production done locally
- Investment in UAE – Capital spent within the country
- Training & Development – Spending on skill enhancement of employees
Tips to Improve Your ICV Score
- Source materials from UAE-based suppliers
- Hire and train UAE nationals
- Increase local manufacturing
- Invest in the UAE economy through facilities and assets
- Keep complete and accurate financial records