Auditing
ICV Certification
Since 20179 Since 2017
- ICV certifying body process
- Score calculated first
- Tender-ready certificate
Talk about your ICV score
Tell us who you are bidding with and we will tell you what the score turns on.
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In one line
A score for how much of your business happens inside the UAE, certified, and checked by the buyer before you are allowed to bid.
Overview
What ICV certification is, and who asks for it
The ICV certification is an indicator of a company's contribution to the UAE economy based on the measurement of such factors as local spending, Emirati employment, investment in local infrastructure, and dependence on the local suppliers. A valid ICV certificate enables businesses to enhance their position in tender evaluations with government authorities, as the ICV score indicates their economic contribution to the UAE. The benefit of this scoring system is that it helps such companies to be in sync with national priorities like economic diversification and local procurement; hence, ICV certification is a strategic asset in the procurement process of entities like ADNOC, Aldar, and Mubadala.
- Stages, start to finish
- 3Stages, start to finish
- years, since 2017
- 9years, since 2017
- Professionals in Business Bay
- 75+Professionals in Business Bay
ICV Certification Service in UAE from Vigor Accounting & Taxation LLC
The importance of this In-Country Value (ICV) certification program, which was launched by the UAE's Ministry of Industry and Advanced Technology (MoIAT), is essential for the companies that want to get government and semi-government contracts in the UAE. Initially started by ADNOC, ICV program's main objectives are to promote local economic growth, to increase Emiratization, and to improve the technological developments in the UAE. Vigor Accounting & Taxation LLC provides ICV certification services to help businesses to master the ICV procedure and increase their eligibility for government tenders.
Why it matters
Eligibility for ICV Certification
To qualify for ICV certification, companies need
Once prepared, these documents are submitted to an authorized ICV certifying body, such as Vigor Accounting & Taxation LLC, which facilitates thorough assessment and assigns an ICV score based on standardized guidelines
Our armed forces provide a strategic approach to help clients raise their IVR through circular advising on operations and financial planning. We keep strict compliance and assist the clients through practical matters such as maintaining the latest updates on their progress and reporting in accordance with MoIAT guidelines. Besides businesses aspiring to achieve maximum local self-sufficiency, our ICV certification services given another chance to these businesses to have both growth and high visibility as the UAE market is highly competitive.
Forget the no-hassle ICV certification process and practical advisory services, Vigor Accounting & Taxation LLC. is your trusted partner in your journey to full ICV compliance and in turn, local economic value generation. Feel free to contact us for your initial step of ICV certification and new growth in the UAE.
What it gets you
Benefits of ICV Certification
01
Competitive Edge in Government Tenders
02
Alignment with UAE Economic Goals
03
Increased Local Opportunities
Why us
Why Choose Vigor Accounting & Taxation LLC?
Our armed forces provide a strategic approach to help clients raise their IVR through circular advising on operations and financial planning. We keep strict compliance and assist the clients through practical matters such as maintaining the latest updates on their progress and reporting in accordance with MoIAT guidelines. Besides businesses aspiring to achieve maximum local self-sufficiency, our ICV certification services given another chance to these businesses to have both growth and high visibility as the UAE market is highly competitive.
Forget the no-hassle ICV certification process and practical advisory services, Vigor Accounting & Taxation LLC. is your trusted partner in your journey to full ICV compliance and in turn, local economic value generation. Feel free to contact us for your initial step of ICV certification and new growth in the UAE.
How it runs
Three stages, and the order matters
The score is calculated before it is certified. A business that certifies first and asks what moved the number afterwards has spent the fee to find out.
Vigor Accounting & Taxation LLC offers a streamlined approach to the ICV certification process, which involves:
01
Document Preparation
Audited financial statements, payroll and supplier records assembled into the template the programme requires. Most of the work is here, and most of the delay is here too when the underlying accounts are behind.
02
ICV Score Calculation
Your score calculated from those figures before anything is submitted, so you see the number and what is moving it while there is still time to act on it.
03
Independent Audit and Certification
The independent audit of the submission and the certificate itself, issued in the form a tendering authority will accept.
Phase 1 of 3
Document Preparation
What it is made of
The score is the whole product, so here is what goes into it
The live page names the four inputs once, in a single sentence. They are the most useful thing on it, so they get the section.
The score, taken apart
Four things move an ICV score
Your ICV score
—— %
The four segments are drawn equal and the score reads as dashes on purpose. MoIAT sets the formula and the weightings, and they change between programme versions, so nothing here guesses at either. Your score is calculated from your own audited figures.
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Answers
Questions asked before ICV certification
The 6 asked most often about ICV certification in the UAE.
01Is ICV certification mandatory in the UAE?
ICV certification is not mandatory for every company, but it is required if you want to bid for contracts with government entities and companies that apply the In Country Value programme. Many procuring entities now weight ICV scores heavily in tender evaluation, so suppliers without a certificate are often excluded from consideration regardless of price.
02How much does ICV certification cost?
The cost depends on the size of your company, the complexity of your financial and procurement records, and the certifying body used, so it is quoted after reviewing your figures. Get in touch with Vigor Accounting & Taxation LLC for a proposal tailored to your ICV certification needs.
03How long is an ICV certificate valid?
An ICV certificate is generally valid for twelve months from the date of issue, after which the score must be recalculated and reassessed using the latest audited financial statements. Companies bidding on tenders should track this expiry date closely, as an expired certificate cannot be relied on in a submission.
04What happens if my ICV score is wrong or overstated?
An inaccurate or overstated ICV score can lead to disqualification from a tender, withdrawal of the certificate, or reputational damage with the procuring entity, since scores are based on audited data submitted to an approved certifying body. Accuracy in the underlying financial and procurement figures is therefore essential before submission.
05Which companies need an ICV certificate?
Companies that supply goods or services to UAE government entities, or to private companies that themselves apply the ICV programme in their own procurement, typically need a certificate to remain eligible for tenders. Whether it applies to you depends on who your customers are and their procurement policies.
06What documents are needed for ICV certification?
You will generally need audited financial statements, trade licence details, Emiratisation and payroll records, procurement and spend data, and information on local investment and asset ownership. The exact list depends on the certifying methodology used, and gathering accurate figures upfront speeds up the score calculation and audit.
Not here? Ask Vigor, and a specialist picks it up from there.
