How To Get ICV Certificate For Dubai

You might have heard about ICV certification. If you want to be in Dubai’s business market you need to be ICV certified. To make you eligible for working in Dubai you are awarded an in-country value certificate. In this blog we will break down ICV certificate Dubai specs, importance and how you can get it. 

So what’s basically an ICV certificate in Dubai? 

ICV stands for In-country value. It’s a government based certificate which documents that your business is helping boost the local economy. ICV certification is a way of saying that you’re here to provide jobs and are using local suppliers so that the AED economy is well circulated.

If you are ICV certified it means you’ve officially got a batch to support Dubai’s long-term economic prosperity. ICV certificate Dubai lasts for 14 months once you’ve obtained it.

Why do you need an in-country value certificate?

ICV certification is not just a requirement or flex it supports your business overall in the following ways:

• Attracts investors: Investors trust companies that are ICV certified for long-term projects.
• Boosts trust: Both clients and investors trust companies who have ICV certification.
• Market access: An ICV certified company ultimately has access to many opportunities, collaborations and tenders that a firm without ICV certificate Dubai can’t access.
• Financial relief: You may have lower taxes and incentives to pay.
• Better reputation: If you get an in-country value certificate your market reputation is strengthened.

Who can provide ICV certification?

There are certain approved auditors who issue this certificate. Auditors usually go through your business records, reports and financial statements before issuing the ICV certificate Dubai. Therefore, only transparent businesses get it.

Step by step guide to get ICV certification

Here’s how you can get an in-country value certificate smoothly:

• Complete the requirements:

Log on to the official ICV website or ADNOC which will provide you with all the documents. Your business documents must be ready before the application.

• Prepare your ICV certificate Dubai requirement:

Get ready with financial records, supplier and salary information with all the contract details. Make everything clear and transparent.

• Call the experts:

Get help through professional auditors and consultants which will save your time and unnecessary hassle afterwards.

• Official template filling:

Get your documents ready and complete the ICV certificate Dubai template. Add the most recent details. Don’t try to hide anything.

• Verification time: 

If you want to get ICV certified, the authorities will definitely check each detail and will ask you for extra information or clarification. They’ll check every document in the meantime.

• Issuance of in-country value certificate:

Once every step of verification is passed you’ll receive your certificate that’s valid for 14 months. The process is repeated for renewal.

Final thoughts:

Being the business capital of the UAE, Dubai holds a significant role in the global economy. Dubai has investor- friendly policies, low taxes and top-notch infrastructure where everyone wants to invest and grow. Icv Certification is a policy that makes businesses more reliable and sustainable along with enhancing reputation for the business. Through ICV certificate Dubai both international and local companies thrive and grow exponentially.

Getting ICV certified is an important yet easy task. It helps create your brand story and stand out among others. Your government taxes are ultimately reduced and you become a key player in supporting and helping the country’s economy.