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A Complete Guide to Obtaining an ICV Certificate in the UAE

A Complete Guide to Obtaining an ICV Certificate in the UAE

  • Modified On: January 12, 2026

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In a bid to streamline the industrial bidding process and boost the country’s economy, the government of UAE has introduced the ICV (In-Country Value) certification programme. Obtaining your ICV certificate can provide your business with a competitive advantage during tender assessments. This explains why forward-thinking businesses are applying for the ICV certificate to gain an edge over other bidders. As a business entity operating in the Emirates, you would be keen to obtain your ICV.

Most business entities can easily obtain the ICV certificate by adhering to the guidelines. Only an ICV-approved audit firm or advisory company reserves the authority to give this certificate.

Guidelines to obtain your ICV Certificate in the UAE

1. Furnish the documents

The process of applying for your ICV certificate begins with obtaining relevant financial statements. Established audit firms can assist in preparing these documents. This would ensure your compliance with the International Financial Reporting Standards (IFRS). If your company is newly established, management accounts can be used for the application.

2. Use the latest statements

Established audit firms would recommend using ICV certification templates during the application. The auditors would use the latest financial statements (preferably the last 2 years’ statements) that have been audited and are IFRS compliant. For companies established within the last 10 months without audited statements, the figures from management accounts (not older than 9 months) can be used.

3. Get the application evaluated and approved

The Ministry of Industry and Advanced Technology (MOIAT) has established guidelines and procedures for evaluating ICV applications. Businesses need to get the ICV template verified along with the supporting documents. After evaluating your application, the ICV committee will approve it. You need to review the unsigned ICV certificate and approve it before sending it to the certifying body.

4. Issuance of the ICV Certificate

Upon receiving the approved document from you, the certifying body would finally get your ICV certificate issued. With the ICV certificate in hand, your business can participate in bidding processes with relevant entities.

Eligibility for the In-Country Value (ICV) Program

The In-Country Value (ICV) program aims to assist businesses of all sizes in Abu Dhabi involved in government and semi-government procurement activities. This includes entities working with ADNOC, ADED, Abu Dhabi Ports, and Aldar Properties.

Understanding the ICV Certification Process

The ICV certification process ensures:

  • The accuracy and currency of the contractor’s reported ICV contributions.
  • Proper calculation of the contractor’s ICV scores using established methodologies.

Benefits of Obtaining an ICV Certificate

An In-Country Value (ICV) certificate signifies a company’s dedication to enhancing local economic development. It offers several advantages, including:

1. Cost Savings and Financial Incentives

Companies holding an ICV certificate can benefit from reduced taxes and lower operational costs through various incentives such as tax credits and grants. This contributes to increased profitability while bolstering local economic growth.

2. Enhanced Reputation and Community Trust

An ICV certificate demonstrates a company’s commitment to sustainable development, including investments in infrastructure and job training. This not only strengthens the company’s reputation but also fosters trust within local communities.

Required Documents for ICV Certification

To obtain an ICV certificate, you must provide:

  • An audited financial statement from the supplier or contractor.
  • A comprehensive list of purchased products and services.
  • Reports from the Wage Protection System (WPS).
These documents ensure a transparent and thorough evaluation of your ICV contributions and compliance.

FAQ

How many certificates do I have to apply for?

Being a supplier in the industrial sector, you need separate certificates for all the business licenses in your possession. The authorities consider each business license as a separate legal entity. If your business operates at multiple branches under a single license, you need a single, comprehensive certificate.

How long does the ICV certificate remain valid?

The ICV certificate remains valid for 14 months after the audited financial statements get issued. Businesses may use the same financial statements to reapply for the certification before this period elapses. If you receive an updated ICV certificate, the previous one would remain valid.

Can I switch to a different certifying body?

When your business entrusts an Empaneled Certifying Body for validating the certification, you are not entitled to switch to a new body throughout the ICV certification process unless you have a valid reason.

IMC Group continues to be one of the trusted auditing and advisory firms in Dubai. Industrial suppliers can fast-track their process of obtaining ICV certificates with professional support.

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