ICV

Unlocking Business Success in the UAE 🇦🇪 with ICV Certificate Consultancy! In Dubai’s ever-evolving business landscape, the ICV Certificate stands as a beacon of growth and opportunity. The acronym “ICV,” short for In-Country Value Certificate, embodies the promise of success for businesses seeking to make their mark in this dynamic city. This coveted certification signifies a commitment to fostering the local economy while opening doors to a multitude of advantages. From gaining a competitive edge in Dubai’s bustling marketplace to securing government contracts and ensuring regulatory compliance, the ICV Certificate is the passport to unlocking the full potential of your business in this thriving metropolis. Join us on a journey to explore the significance, benefits, and pathways to success that the ICV Certificate offers in the heart of Dubai’s business ecosystem. Are you a business owner in the UAE looking to thrive in the competitive market? 📈 ICV (In-Country Value) Certification is your ticket to growth, and Abstract Auditing & Bookkeeping is here to guide you every step of the way! 🌟 ICV Certification is a crucial requirement for doing business in the UAE. It demonstrates your commitment to the local economy, creating opportunities for your business to flourish. 📊 📋 Our Expertise: Abstract Auditing & Bookkeeping has a proven track record of helping businesses achieve ICV Certification with ease. Our team of experts understands the intricacies of ICV requirements and can tailor a strategy that suits your unique business needs. 📚 What We Offer: ICV Assessment: We assess your current ICV status and identify areas for improvement. ✅ Documentation Support: We assist in preparing the necessary documentation and reports. ✅ Supplier Engagement: We help you engage with local suppliers to meet ICV requirements. ✅ Compliance Assurance: Our experts ensure that your business remains compliant throughout the process. ✅ Cost Optimization: We optimize your ICV strategy to reduce costs and maximize benefits. Partner with Abstract Auditing & Bookkeeping and elevate your business to new heights! Don’t miss out on the incredible opportunities that ICV Certification can bring to your business. Let’s embark on this journey together! For Registration Please Click here

How to Get ICV Certificate: WHAT WE OFFER AS LEADING ICV CONSULTANTS We offer the following services: ICV CERTIFICATION ICV CONSULTANCY ICV IMPROVEMENT PLAN ICV PROGRAM IMPLEMENTATION WHO NEEDS ICV CERTIFICATE? How to Get ICV Certificate: Companies working directly as suppliers or indirectly as sub-supplier with the following Implementing Agencies are required to acquire the ICV certificate. The Implementing Agencies for the National ICV Program are gradually increasing in numbers to ensure observing ICV Program across the country. Vendors of Implementing Agencies who do not possess the ICV Certificate are allowed to participate in the tenders of Implementing Agencies, however, their ICV score will be considered as “Zero” in the bid evaluation and hence may be at a disadvantage to those holding ICV Certificates. ICV Certification for Group Companies Each license of a Company is considered as an independent legal entity even if the ownership is the same. However, if a Company has different branches in the same Emirate with identical activities and ownership listed on the licenses, then one combined ICV certificate is allowed for the Company in that Emirate. Managements Accounts for Newly Established Companies For newly established Companies (less than 10 months old) that do not have audited financial statements, the Management Accounts for a period of up to 9 months can be used for ICV calculations. Any management accounts greater than 9 months will be required to be audited. IFRS Based Audited financial statements For newly established Companies (less than 10 months old) that do not have audited financial statements, the Management Accounts for a period of up to 9 months can be used for ICV calculations. Any management accounts greater than 9 months will be required to be audited. Unified ICU Certification Validity The ICV certificate shall be valid for a period of 14 months from the date of issuance of Audited Financial Statements. The supplier can get certified during the validity of the ICV certificate if he chooses to, using the same audited financial statements, but the validity of 14 months from the first issue will remain same.For Consultancy and more information please Click here… Facebook Twitter LinkedIn

The National In-Country Value (ICV) Program is a UAE government program that aims to boost economic performance and support local industries by redirecting higher portions of public spending into the national economy. The National In-Country Value Program (ICV) aims to enable the Ministry of Industry and Advanced Technology to improve the performance and sustainability of the industrial sector WHAT WE OFFER AS LEADING ICV CONSULTANTS We offer the following services: ICV CERTIFICATION ICV CONSULTANCY ICV IMPROVEMENT PLAN ICV PROGRAM IMPLEMENTATION For more information and consultancy please click here…

As an approved ICV certification Consultants, we have set up a specialized sub-service line for ICV to help our clients for acquiring ICV certificates, ICV improvement plans as per ICV guidelines . WHAT WE OFFER AS LEADING ICV CONSULTANTS We offer the following services: ICV CERTIFICATION ICV CONSULTANCY ICV IMPROVEMENT PLAN ICV PROGRAM IMPLEMENTATION WHY HAS THE ICV CERTIFICATION PROGRAM BEEN IMPLEMENTED IN UAE? An In-Country Value (ICV) program was announced for Abu Dhabi National Oil Company (ADNOC) Group Companies with the following objectives: (a) Emiratization: Creating additional employment opportunities for Emirates in the private sector (b) GDP Diversification: Supporting UAE GDP diversification by sourcing additional goods and services within the UAE; and (c) Strategic Considerations: localizing strategically critical parts of the value chain for selected categories. Get more information and quotation click heare

The National In-Country Value Program The program takes into consideration local expenditure on manufacturing, local products and services, investments, and the hiring and development of Emirates. It aims to support the national industry and redirect expenditure on procuring goods and services into the national economy. The National In-Country Value (ICV) Program is a UAE government program that aims to boost economic performance and support local industries by redirecting higher portions of public spending into the national economy. As an approved ICV certification Consultants, we have set up a specialized sub-service line for ICV to help our clients for acquiring ICV certificates, ICV improvement plans as per ICV guidelines . WHAT WE OFFER AS LEADING ICV CONSULTANTS We offer the following services: ICV CERTIFICATION ICV CONSULTANCY ICV IMPROVEMENT PLAN ICV PROGRAM IMPLEMENTATION

Download In November 2017, Abu Dhabi National Oil Company (“ADNOC”) introduced an In-Country Value (ICV) program to improve the GDP of the country by enhancing local supplies of goods and services, encouraging manufacturing facilities to set up in the country. Emiratisation in the private sector in line with UAE vision 2030 is also one of the main objectives to introduce the ICV program. In years 2019 and 2020, various Government and Semi-Government Entities (Participating Entities) joined hands to broaden the ICV Certification process and launched the Unified ICV program which requires that all their vendors be mandated to calculate and declare their certified ICV score for the financial year, to demonstrate how they are helping to deliver ICV. As an approved ICV certification Consultants, we have set up a specialized sub-service line for ICV to help our clients for acquiring ICV certificates, ICV improvement plans as per ICV guidelines . WHAT WE OFFER AS LEADING ICV CONSULTANTS We offer the following services: ICV CERTIFICATION ICV CONSULTANCY ICV IMPROVEMENT PLAN ICV PROGRAM IMPLEMENTATION For more information please click here… WHY HAS THE ICV CERTIFICATION PROGRAM BEEN IMPLEMENTED IN UAE? An In-Country Value (ICV) program was announced for Abu Dhabi National Oil Company (ADNOC) Group Companies with the following objectives: (a) Emiratization: Creating additional employment opportunities for Emiratis in the private sector (b) GDP Diversification: Supporting UAE GDP diversification by sourcing additional goods and services within the UAE; and (c) Strategic Considerations: localizing strategically critical parts of the value chain for selected categories.