Are you a company looking to expand your business opportunities in Dubai? The In-Country Value (ICV) program can be your key to unlocking a competitive edge.

What is an ICV Certificate?

The ICV certificate Dubai, launched by the Ministry of Industry and Advanced Technology (MoIAT), is a government initiative that evaluates a company's contribution to the UAE's economy. An ICV certificate essentially grades your business on factors like:

• Local procurement: How much of your raw materials and services are sourced from within the UAE?
• Emiratization: Do you employ UAE nationals?
• Knowledge transfer: Are you investing in training and development programs for the local workforce?

Why is an ICV Certificate Important in Dubai?

An ICV certificate offers several advantages, particularly when participating in government tenders and contracts. Here's how it can benefit your business:

• Increased competitiveness: Having a high ICV score demonstrates your commitment to the UAE's economic growth. This can give you a significant edge when bidding on government projects.
• Enhanced reputation: An ICV certificate signifies your company's social responsibility and its positive impact on the local community.
• Improved access to opportunities: Many government entities and large corporations prioritize businesses with strong ICV credentials when selecting suppliers and partners.

How to Obtain an ICV Certificate in Dubai

The process of obtaining an ICV certificate involves:

1. Understanding the ICV program guidelines: Familiarize yourself with the MoIAT's regulations and the specific criteria for calculating your ICV score.
2. Engaging an ICV-approved auditor: Only authorized auditors can assess your company and issue the certificate.
3. Preparing required documents: This typically includes audited financial statements and information related to your local procurement, Emiratization efforts, and knowledge transfer initiatives.
4. Evaluation and certification: The auditor will assess your documents and calculate your ICV score. If successful, you'll receive an official ICV certificate.

Maintaining Your ICV Certificate

ICV certificates are typically valid for 14 months. To maintain your certification and its associated benefits, you'll need to renew it periodically by submitting updated financial information and demonstrating your ongoing commitment to the ICV program's objectives.

Investing in your ICV certification is an investment in your company's future in Dubai. By demonstrating your value to the local economy, you can open doors to exciting new business opportunities.

Beyond Compliance: A Strategic Investment

While obtaining an ICV certificate allows you to participate in government tenders, it's much more than just a compliance measure. It's a strategic investment in your company's future within the UAE.