In Country Value Certificate
Assistance in gettingIn Country Value Certificate
An In-Country Value (ICV) Certificate is a requirement for the government and Abu Dhabi National Oil Company (ADNOC) tender submissions of UAE. The primary goal of the ICV Program is to diversify the economy by localizing more goods and services produced by local investment and employment specifically in the gas and oil sector. The program was implemented at the national level under the direction of the Ministry of Industry and Advanced Technology (MoIAT) 2021.
What is an ICV Certificate?
An ICV certificate is a mandate to improve the productivity and sustainability of local goods and services in the industrial sector of the UAE. The program focuses on the local expenditure on the planning and manufacturing of local products, hiring and training of Emiratis, investments, offering job opportunities and advertisements that ultimately benefit individual suppliers and businesses and the country’s economy.
ZS Chartered Accounts will offer you the top-of-the-line services to implement the National In-Country Value (ICV) Certificate. Our strategic partners comprise a list of regulatory entities and national companies that belong to diverse industries.
Abu Dhabi government has launched ICV Certificate program in 2018. The number of certified businesses grew rapidly, as a result the government expanded the program to federal level in 2020. Since then, manufacturers and traders have benefited from this authentication.
As of 2022, the certificate is applicable all over the U.A.E. ZS Chartered Accountants is the assistance body that works according to the ICV policies and guidelines.
ICV Services
- ICV Certification.
- ICV Consultancy.
- Score Improvement.
- ICV Policies and Procedures.
Objectives of In-Country Value Certificate
Look how the ICV certificate UAE benefits your business:
- Growth of new local industries, goods, and services as well as strategic localization of supply chains
- Attract foreign investments to boost the business growth of the UAE
- Diversification of the economy and maximization of exports
- Creating job opportunities on the government level to cause a positive multiplier effect for economic growth
- Increase the contribution of the private sector to maximize productivity and better economic transformations
- Promote local start-ups and businesses to come into the frontline and boost the competitiveness at global level
- Strengthen the research and development to adopt advanced technology
ICV Certification Process
Get assistance from the best ICV services in UAE to streamline your certification journey.
The first step is to contact the approved certifying bodies and get the quotations.
How to Get an In-Country Value Certificate
Below are the key requirements to obtain ICV certification.
- Familiarization with important information and documents required for registration.
- Application to certified authorities who verify information and issue documents.
- Filling form following complete instructions with the help of experts
- Meet all the requirements and submit records/documents.
- Verification of submitted details and documents.
- Receiving ICV score based on accuracy reports and ultimately the certification.
Crucial Components for ICV Certification
- Stable finance condition
- Provision of latest details/documents instead of older ones
- Accurately filled form
- Valid account details
- Attachments of all important papers.
- Good ICV score
Our ICV Services
ZSConsultants offer top-notch ICV certification services for your business.
ICV Certification
Get swift and transparent ICV certification services for your business. From understanding custom requirements to applying, we help you streamline the registration process.
ICV Consultancy
Consult your tailored business requirements with our chartered accountants. Get the best advice that suits your business and help you get ground for your ICV certification.
Score Improvement
We follow the latest ICV requirements and standards to fulfill the checklist for ICV registration. Get a high ICV score for your company’s approval.
ICV Policies and Procedures
Our team of experts is up-to-date with the rules and regulations of the ICV certification process and complies with the standards of auditing and reporting.
ICV Certification and the Right Auditor
For a seamless ICV certification process, your auditor must comply with international accounting standards, rules, and regulations. Identification of fraud and malevolent activities is crucial to implement quality control and take corrective actions. Moreover, it enhances the credibility of your company, paving the way for quick agreements and trust among stakeholders.
Every manufacturing, trading company and even free zone company in the U.A.E is eligible to obtain this certificate. ZS Chartered Accounts are all set to help you. The ICV certificate Abu Dhabi gives you the advantage of accessing local and international markets. However, it is important to have a high ICV score to get access to a large number of government tenders and contracts and therefore get benefits from the contributors of the Emiratisation program. Our team is fully acquainted with the certification process with qualified and skilled representatives that understand your business requirements and give you end-to-end support.
The business sector holds the prominent position for ICV certificates, giving endless business growth in UAE to small and local companies. With major investments in hand, the collaboration profits your company as well as the overall economic GDP. From government and semi-government entrepreneurs to suppliers and traders, a large number of businesses are taking advantage of the pool investments and partnerships. We have worked with small and large companies to help them achieve certification and ultimately partnerships with eligible entities. ZSConsultants stands out among the rest due to its updated portfolio and high success rate in helping businesses meet the latest rules and regulations for ICV certification.
Get the Best ICV Certification Services from ZSConsultants
At ZSConsultants, we specialize in offering ICV certification services with our team of expert chartered accounts. We make sure that your organizational processes align with the requirements of ICV and therefore help you make an effective ICV score. From initial assessment of your company type and nature to preparing documents and submission, we offer you end-to-end support for a successful ICV certification process.