ICV Certification Services UAE

In the UAE, aligning your business with national economic goals can open up big opportunities, especially if you’re dealing with government or semi-government entities. One of the most effective ways to show your commitment to the local economy is by obtaining an In-Country Value (ICV) Certificate.

At Shuraa Tax, we offer comprehensive ICV Certification Services in Dubai and across the UAE. With our experienced auditors, tax advisors, and compliance consultants by your side, the entire process becomes smooth, efficient, and 100% compliant with the latest guidelines set by the Ministry of Industry and Advanced Technology (MoIAT).

What is ICV Certification in UAE?

The In-Country Value (ICV) Program is an initiative developed by the Abu Dhabi National Oil Company (ADNOC) and later adopted by multiple UAE government entities, including the MoIAT, to promote economic diversification, local business growth, and Emirati workforce development.

The ICV certificate is an official document that reflects how much your company contributes to the UAE’s economy. It evaluates elements such as:

• Goods and services sourced locally
• Emiratization levels
• Investments within the UAE
• Revenue generated in the UAE
• Training provided to UAE nationals

The higher your ICV score, the better your company’s chances of winning tenders from ICV-compliant entities.

Who Needs an ICV Certificate in UAE?

You are required or strongly encouraged to obtain an ICV certificate if your business:

• Supplies goods or services to ADNOC, Mubadala, Etisalat, Aldar, Abu Dhabi Ports, or any other government-affiliated company.
• Wants to participate in public sector tenders or procurement contracts.
• Plans to expand its footprint and gain credibility with local and semi-government buyers.
• Is part of the industrial, construction, trading, logistics, or service sectors where government partnerships are critical.
• Wishes to demonstrate alignment with UAE Vision 2030 by promoting local value creation.

Why is UAE ICV Certification Important?

Here's why obtaining an ICV certificate in the UAE is essential for your business:

1. Win More Contracts

ICV-certified businesses are prioritised during government and semi-government procurement processes.

2. Improve Business Credibility

A high ICV score indicates your commitment to the UAE’s development goals, earning trust from clients and stakeholders.

3. Stay Compliant

With the ICV program becoming mandatory across several sectors, certification ensures you're on the right side of regulation.

4. Promote Local Investment

By improving your ICV score, you actively contribute to employment generation and skill development in the UAE.

5. Support UAE Economic Vision

Align your business strategy with national goals like Emiratisation, local sourcing, and industrial diversification.

Key Metrics to Determine Your ICV Score

Your ICV score is based on your contribution to the UAE economy, determined using the following metrics:

• UAE Goods & Services Procurement: Value of locally sourced purchases.
• Investment in the UAE: Capital expenditure and net book value of assets.
• Emirati Workforce (Emiratization): Number of UAE nationals employed and their compensation.
• Expatriate Contribution: Wages paid to non-UAE nationals.
• Revenue Generated in UAE: Total sales within the country.
• Training for Emiratis: Investments in skills development of UAE nationals.

How to Get an ICV Certificate in UAE?

The ICV certification process must be carried out in a structured manner and is valid for one financial year. Here's a step-by-step breakdown:

Step 1: Prepare Audited Financial Statements

• Must not be older than 2 years.
• Should comply with International Financial Reporting Standards (IFRS).

Step 2: Complete the ICV Template 

• Input business, financial, and operational data as per MoIAT's template.
• This includes employee details, local procurement values, investment details, etc.

Step 3: Submit for Verification

Submit the filled template to an approved ICV Certifying Body for assessment.

Step 4: ICV Certificate Issuance

Upon successful review, you'll be issued a certificate showing your ICV score.

Step 5: Annual Renewal

You must renew your ICV certificate annually, especially after new audited financials are available.

How Shuraa Tax Assists with ICV Certification in UAE

At Shuraa Tax, we make the entire ICV certification process seamless, accurate, and fully compliant with MoIAT guidelines. Here's how we help:

• Expert Review of Audited Financials
• Preparation & Completion of ICV Template
• Guidance on Boosting Your ICV Score
• Coordination with Certifying Bodies
• Support with Annual Renewal and Updates
• Post-Certification Advisory

Shuraa Tax Other Taxation & Compliance Services in UAE

Along with ICV certification, Shuraa Tax offers a wide range of professional services, including:

• VAT Registration
• VAT Return Filing
• Corporate Tax Registration & Advisory
• Excise Tax Services
• Audit & Accounting Services
• Ultimate Beneficial Owner (UBO) Compliance
• Transfer Pricing Documentation
• Tax Residency Certificates
• Payroll Services

Let’s Get You ICV Certified - Hassle-Free

Whether you’re applying for the first time, preparing for renewal, or looking to improve your score, Shuraa Tax is here to help you every step of the way.

We don’t just assist; we strategically guide your business toward sustainable compliance and value growth.

Commonly Asked Questions