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The National In-Country Value Certification

Designed to achieve optimal worth.

ICV Certification in Abu Dhabi - Fostering In-Country Value

At Assist Plus, we take pride in being your dedicated ICV auditor as we are one of the ICV Certifying bodies, extending ICV in country value certification services in Abu Dhabi to bolster local economic growth. Certified suppliers gain access to projects with commendable ICV scores, solidifying their contribution to the community. We are honored to be empanelled as a Certifying Body by the UAE Ministry of Industry and Advanced Technology (MOIAT), affirming our integral role in your pursuit of National In-Country Value (ICV).

What is an ICV Certification in UAE?


The In-Country Value Certification (ICV), introduced by the Abu Dhabi National Oil Company (ADNOC) in January 2018 and effective from April 1, 2018, helps both individual suppliers and businesses. It also plays a key role in strengthening the country's economy. It measures how much businesses in the UAE contribute to the local economy, including the goods and services they produce, local investments, and jobs in the oil and gas sector.
 

The program encourages local suppliers to focus on getting an In-Country Value (ICV) certificate. The ICV certificate program, managed by the Ministry of Industry and Advanced Technology (MoIAT), aims to maximize the value of the UAE's oil and gas resources.  An ICV Certificate is issued by ADNOC to show the level of In-Country Value a company has achieved in the UAE.

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In Abu Dhabi, the ICV Certification and the Abu Dhabi Local Content Programme (ADLC), established by the Department of Economic Development (ADDED), aim to achieve three main goals. These include boosting GDP growth by encouraging businesses to source more local products and services, attracting foreign investment, and increasing the contributions of private companies and small businesses to the economy. Additionally, the program focuses on developing human capital by creating more job opportunities for Emiratis in the private sector and enhancing the skills of the local workforce. Finally, it seeks to promote the adoption of technology by increasing investment in research and development (R&D), making local industries more competitive, and accelerating technological advancements.

Empowering Economic Growth through ICV Certification

​The ICV certificate Abu Dhabi, recognized and sanctioned by the UAE's federal governing bodies, semi-governing authorities, ADNOC, its affiliates, and the UAE's GDP diversification body, is a testament to a company's legal standing and commitment to fortifying the nation's GDP. This is achieved through the sourcing of local goods and services, fostering Emiratization, and active involvement in the private sector.

Exemplary Services for ICV Certification in Abu Dhabi

Our distinguished team of auditors, financial advisors, and analysts possess a profound understanding of the UAE's economic landscape, industrial marketplace, and pertinent policies. This expertise allows us to swiftly evaluate the prerequisites for securing the ICV certification. Acquiring this certification is a strategic move that elevates your company's financial standing, adding substantial value to your operations.

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How to get ICV Certificate in UAE?

We are dedicated to ensuring a seamless, compliant, and hassle-free experience for our valued clients. Our team goes above and beyond to promptly address any challenges, offering tailored solutions to expedite your ICV certification process.

To obtain ICV Certification in the UAE, companies must comply with the ICV Financial criteria established by ADNOC and submit their ICV score for evaluation. Compliance may require adjustments such as increasing local investments, sourcing more from local suppliers, and hiring more UAE nationals.

Here’s a concise overview of the ICV Certification process:

  • Release Audited Financial Statements

The first step is to disclose audited financial statements. New companies (less than 10 months old) must prepare financial reports using management accounts or in line with International Financial Reporting Standards (IFRS).

  • Fill ICV Certification Template

The ICV score is calculated using a standard template that captures data on local sourcing, community investment, and Emirati employment. Companies must accurately complete this template according to ICV program guidelines.

  • Evaluation of Form

The completed template must be submitted to an authorized certifying body for assessment. This body will review the information and may conduct an on-site audit to verify the details.

  • Obtain ICV Certificate

Once the certifying body confirms compliance, the ICV certificate is issued, demonstrating the company’s commitment to supporting the UAE’s local economy.

  • Validity

The ICV certification is valid for 14 months from the date of submission of audited financials or until new financial statements are issued, whichever is earlier. To maintain benefits, businesses must renew their certification annually by submitting updated financials and an ICV template.
 

ADNOC Approved ICV Auditors in UAE

Assist Plus is a trusted auditing and advisory firm based in the UAE, offering a wide range of financial and compliance services to businesses across various industries. As an approved ICV auditor with ADNOC, we provide complete ICV Certification Services to companies operating in the UAE.

Our team of ICV auditors works closely with clients to ensure that their compliance with ICV criteria is thoroughly assessed and accurately reflected in their ICV score. By partnering with Assist Plus, clients can trust that our rigorous and reliable ICV audit process will meet all the requirements set by ADNOC, helping them maximize their In-Country Value.


For more information, don't hesitate to reach out to us via our hotline or drop us a message. Our representatives are committed to providing you with prompt assistance.

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Assist Plus a leading ICV certifying body for ADNOC ICV and Abu Dhabi ADV for Al dar properties, Etihad Airways and Abu Dhabi department of economic development. ICV consultancy, ICV certificate, ADNOC ICV, get your ICV certificate now, Assist Plus Accounting and auditing ICV services and ADV certificate

  • What is the national In-country value (ICV) certification?
    The ICV certification in the UAE is a program designed to enhance local content and stimulate economic growth by assessing a company's contribution to the UAE economy. This certification is particularly important for companies looking to secure government contracts and participate in public tenders​. The ICV program is an assessment and scoring program introduced to support the UAE Ministry of Industry and Advanced Technology (MoIAT) mandate of improving the industrial sector's national productivity and economic sustainability. Hence, boost the contribution of local industries to national GDP while enhancing the role of local companies' function in the country's socio-economic development.
  • What are the objectives of the ICV program?
    The UAE government executed the program to reinforce the UAE's industrial sector development and growth, aiming to contribute to the overall economy. There are five key objectives the ICV program seeks to achieve from it: Strategically localizing the supply chains and developing new local industries and services. Stimulate and attract foreign investments, diversify the economy, and increase the UAE exports index. Creating job opportunities in the private sector. Contributing to the national GDP growth. Enhancing spending on R&D and advanced technology.
  • Who is the governing body of the ICV program?
    The UAE Ministry of Industry and Advanced Technology (MoIAT) is the sole governing body of the In-country value program. The program is considered one of the core segments of the ministry's strategy, aiming to reinforce the UAE's socio-economic growth.
  • How will the ICV benefit the manufacturer and business owners?
    The program strives to contribute to the growth of local industries and relieve dependence on external imports. This might include future financing incentives that the UAE cabinet is studying to introduce. The ICV takes as a mechanism looks into the supplier's expenditure on manufacturing, local products & services, investments, hiring and training of nationals and creation of job opportunities within the country. This is to also support local manufacturers and service providers in UAE to redirect the cost of procuring goods and services into the economy. For the past three years, ICV program joined suppliers have benefited from the increased demand for their local products and services, in addition to greater opportunities for government contracting. Small and medium-sized companies can also accelerate their growth with the ICV program and localize their value-chains. The program promotes local companies, introduce their products to the market, and create new high-skilled jobs. The ICV also facilitates suppliers with some financial incentives thorugh the Emirates Development Bank. The program creartes more opportunities for local suppliers to enter partnerships with foreign companies seeking to benefit from the competitive advantages of a joint supply chain. ICV Certificate holders will have a contractual advantage with the partner companies and federal authorities.
  • When did it all start?
    The Abu Dhabi National Oil company ADNOC pioneered the ICV program and launched it to its suppliers in the year 2018; it was a promising scheme designed to achieve: Diversification of the Abu Dhabi gross domestic production through increasing local content spending of the local goods and services within the emirate of Abu Dubai. The program aimed to drive more Emirati workforce into the private sector and create the right skill set to develop UAE Nationals' abilities. As a result, localize the supply chain and promote exporting local goods in the longer run. Now, under the UAE Ministry of Industry and Advanced Technology MoIAT. Some of the worth-mentioning achievements of the program to date are: Successfully redirected around AED89 billion into the local economy. More than 2,000 job opportunities were created for skilled and qualified UAE nationals in the private sector. Five thousand approved locally-based suppliers have eclipsed across multiple sectors.
  • Why should I get an ICV?
    With the ICV certificate, you will benefit from higher demand for your products and services. Higher contracting opportunities for local government and semi-government entities. Greater growth of localization of your supply value chains. More promotion of your business locally. Benefiting from financial incentives from Emirates Development Bank (EDB). Increases foreign companies opportunities to enter partnerships from the competitive advantages of a joint supply chain. The supplier will have a contractual advantage with the partner companies and federal authorities.
  • Is ICV mandatory in the UAE?
    Yes, and No! It is important to emphasize that not all businesses in the UAE need to get an ICV certificate. If you wish to participate in the local or federal government procurements, the ICV certificate is optional. Yet, your score for the ICV evaluation will be gauged as zero (0). So, it is strongly advised to obtain the ICV. This will increase your chances of getting awarded. On the other hand, having the ICV is one of the requirements that a supplier or a service provider will be requested to provide during the supplier registration process in all of the Abu Dhabi government entities and companies.
  • Who needs an ICV certificate?
    All types of manufacturers, suppliers and service providers intend to do direct or indirect business with the public sector and semi-government entities.
  • What is The GREEN ICV?
    The Ministry of Industry and Advanced Technology (MoIAT) has introduced the Green ICV initiative, a significant advancement in the National In-Country Value (ICV) Program. This initiative rewards companies for adopting sustainable practices, thus enhancing their competitiveness and contribution to the UAE's sustainability goals.
  • Why Should SMEs in the UAE Obtain ICV Certification?
    Small and medium-sized enterprises (SMEs) are encouraged to obtain ICV certification as it supports their growth and competitiveness. The UAE government has initiatives to make the certification process accessible and beneficial for SMEs, promoting their role in the national economy​.
  • Where can Companies Find ICV Guidelines in the UAE?
    The ICV guidelines provide detailed instructions on the certification process, score calculation, and compliance requirements. These guidelines are essential for businesses seeking to understand and participate in the ICV program effectively​. Click to download the Certification Guidelines for Suppliers as per the Ministry of Industry and Advance Technology >
  • How is the ICV scored or calculated?
    The in-country value scores calculations are based on assessing the supplier added-value towards the local economy. These values are measures against the goods or services offered by the company, according to a pre-defined methodology.
  • What is the ICV evaluation process?
    The process for obtaining ICV certification involves submitting audited financial statements, filling out the ICV template, and undergoing an evaluation by authorized certifying bodies. This ensures that companies meet the program's requirements and can leverage their ICV score in public procurement processes​ The ICV certificate obtaining process involves verifying your financial statements by a certified body. There are several empanelled certified bodies that you can go to in UAE. When submitted, your documents are verified against a checklist set by the ICV program. Each point has its score that is calculated through a set formula. The total of all these points is your ICV score. The following points are taken into account when calculating a company's ICV score: Manufactured Goods (for suppliers with an industrial license). Third-Party Spending (for suppliers with non-industrial licenses). Investments. Emiratization. Expatriate Contributions. Bonus: Revenue from Outside the UAE Emirati HeadCount Investment Growth
  • How can I apply for an ICV certificate?
    Issue audited financial statements for the company/supplier, based on IFRS Fill the certificate application form according to recent guidelines & financial statement Select authorized certification company to issue the certificate & present its requirements Use the certificate according to the guidelines of each applicable authority
  • What are the pre-requisites for an ICV certificate​?
    Audited Financial Statements: It is required for a company to submit financial statements compiled and audited by the IFRS for the last two fiscal years. These need to be signed by a partner in an Audit firm duly registered with the Ministry of Economics. The audited financials being submitted cannot be older than two years, starting from the year of the certification. The management accounts for a company that is less than ten months old can be used for ICV certification if it is newly established (less than ten months old). All management accounts must be audited if they are more than nine months old. For ICV Certification purposes, every firm's trade license is treated as a separate legal entity, even if the ownership structure is identical. A single ICV Certificate may be granted to a Company with several branches in the same Emirate performing identical activities and having the same ownership. NAFIS Registration: Suppliers are required to register with NAFIS in order to obtain the ICV Certification. Suppliers can visit Nafis.gov.aeto register their respective entities
  • What is the ICV evaluation process?
    Issuance of audited financial statements Issuing audited financial statements according to International Financial Reporting Standards (IFRS) or using management accounts for modern facilities less than ten months a) Application form Fill out the application form for the certificate according to the guidelines. b) Evaluation Choosing one of the awarding bodies for the certification of the program, for evaluation c) Get the certificate Receiving the certificate and submitting it to the implementing agencies of the National Added Value Program d) An evaluation is conducted to examine the company's value-added contribution to the United Arab Emirates in multiple areas. These are inclusive of: Local manufacturing Procurement of third-party goods and services Local investment and it is growth Emiratization of workforce Expatriate contribution Generation of income from outside the UAE.
  • How much will the ICV certificate cost?
    The process of obtaining the ICV certificate varies in terms of how much will it cost to secure one. Depending on your selection, the cost will differ from a certifying body to another.
  • How long does processing the engagement takes until I can obtain the certificate?
    Typically, the engagement takes 7 to 10 working days to complete. However, the mentioned timeline is estimated based on the assumption that the required information will be made available to the certifying body on a timely basis.
  • What is the validity of the ICV Certificate?
    The ICV certificate is valid for 14 months starting from when the Audited Financial Statements are issued. During the ICV certificate's validity, the supplier could receive recertification from the same Certifying Body using the same audited financial statements; nevertheless, the validity of 14 months following issue will not be altered.
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