The In-Country Value (ICV) program is a key initiative in economic development in the UAE, particularly in Abu Dhabi. The aim of the program is to boost investments within the country, strengthen the national economy, hire local talent and encourage businesses to contribute to local development. The role of an ICV certification service in Abu Dhabi is to make sure that you are eligible for an ICV certificate.
Obtaining an ICV Certificate in Abu Dhabi is mandatory for companies that want to do business with government and semi-government organizations in the UAE. It has become an essential requirement. If you hold valid ICV certification, which is a mandatory requirement for qualification and tender success, you can do business with them. With Golden Falcon Consultants’ end-to-end support as an accounting firm in Abu Dhabi, you can navigate the certification process and be eligible enough to unlock new business opportunities in the UAE.
An ICV (In-Country Value) Certificate that states how much of your company’s spending stays within the country, and how much you have contributed towards other aspects.
The consultants for ICV services in Abu Dhabi calculates your ICV score by analysing your latest audited financial statements. This will be valid for 14 months from the date it was issued.
ICV is an objective percentage (0% to 100%) based on MoIAT's assessment model. Through ICV certification service in Abu Dhabi, we assess the following financial criteria:
In case you are not satisfied with the score, you can opt for our ICV score improvement services in Abu Dhabi and try to get a better score.
As a leading provider of ICV Certification Service in Abu Dhabi, our services make sure your certification is accurate and beneficial. Our ICV consultant in Abu Dhabi will conduct a pre-audit review to see how much you would score and identify areas for improvement. In order to make sure you score well, we would:
The first step in ICV certificate services in Abu Dhabi is to collect all the documents that will be reviewed in the ICV certification application like payroll records and supplier invoices.
Checking to see if your IFRS-compliant audited statements match the requirements of the ICV certification.
Our ICV certification service in Abu Dhabi include providing tips and guidance on how to improve your score. Local sourcing and adjusting your corporate structure for Emiratization initiatives would help.
To get the ICV Certificate in Abu Dhabi, this is the process that we follow:
As a trusted auditing firm in Abu Dhabi, we explain the ICV certification process and secure IFRS-compliant statements
Complete the official MoIAT Excel template with accurate financial data and company information.
The documents, including VAT returns, supplier ICV certificates, customs clearance forms, WPS wage files and tenancy contracts are submitted to an approved certifying body for verification.
The certifying body reviews your documents. Our ICV certification company in Abu Dhabi will liaise directly with the certifying authorities to clear any questions they have.
Once verified and every data entered is proved to be accurate, your digital ICV certificate will be issued through the MoIAT platform. This makes your company eligible for public and private tender submissions.
Our understanding of the Ministry of Industry and Advanced Technology (MoIAT) guidelines and specialized ICV Expertise makes us the first choice for companies seeking ICV Certificate in Abu Dhabi. Our knowledge of the updated changes to the ICV framework, and experience working with ADNOC and other UAE entities relieves you from depending on middlemen. Our ICV certificate services in Abu Dhabi makes sure you submit all the documents accurately and meet expectations that make you eligible for ICV Certificate.
The processing time for an ICV Certificate in Abu Dhabi normally ranges between 14 to 28 working days. Remember, this is after submitting all the documents in their accuracy. It takes minimal time if there are no complexities in the financial records. If there are follow-up queries, those have to be answered as well. This is where professionals come in. We will prepare your file carefully before submission so there will be no unnecessary delays.
To secure an ICV Certificate in Abu Dhabi, we will help you with the following:
The cost for an ICV Certificate in Abu Dhabi varies based on your company’s size, industry and the complexity of your supply chain. The expenses are as per the mandates of the Ministry of Industry and Advanced Technology (MoIAT).
Yes. Whether you are a small startup looking for simple financial records and even simpler supply chain or a large multinational with complex logistics our ICV consultants Abu Dhabi can tailor the services for you. We make sure that every dirham spent is reflected in your score.
The validity of your ICV Certificate in Abu Dhabi is for 14 months from the date of the audited financial statements. And when it is time to renew, you will have to reapply with your latest audited financial statements before the certificate expires. It is important the certification is renewed on time or else you will not be considered for government tenders.
Of course, yes. That is one of our prime roles. When we prepare the documents to get your ICV Certificate in Abu Dhabi, we will identify areas where you can increase your score. The main crux of our CV Certification Service in Abu Dhabi is to ensure that your business remains highly competitive in the bidding process.
Yes. If your application has been rejected previously or received an unexpectedly low score we will tailor our ICV Certification Service in Abu Dhabi to make sure that it doesn't happen again. First, we will check what went wrong and identify the root cause of the poor result. In most cases it could be one of the following: