ICV Certification
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ICV Certification Services in Sharjah, UAE
ICV certification can decide whether your business wins or loses a tender. The In-Country Value (ICV) certificate shows how much your company contributes to the UAE economy, and participating entities in the National ICV Program, including ADNOC and many federal and local government entities, use the ICV score when they award contracts.
At Hussain Al Shemsi Chartered Accountants, we take care of the whole process for you. From the first assessment and your stand-alone audit to the ICV template and final certificate, our team prepares your figures and works with an authorised certifying body until you are certified, with an accurate score and no surprises.
The ICV certificate at a glance
- Issued by: a Certifying Body authorised by the Ministry of Industry and Advanced Technology (MoIAT), through the official ICV platform.
- Based on: your audited financial statements. From 1 January 2025, stand-alone audited statements for the entity being certified are required; figures carved out of consolidated accounts are no longer accepted.
- Validity: 14 months from the date your audited financial statements were issued.
- New companies: businesses under 10 months old can use management accounts for up to 9 months.
- One licence, one certificate: each trade licence is a separate entity, but branches in the same emirate with identical activities and ownership receive one combined certificate.
What the ICV Score Measures
The score is based on your spending, investment and people in the UAE. The attributes depend on your type of business:
| Service providers and traders | Goods manufacturers (industrial licence) |
|---|---|
| Third-party spend in the UAE | Manufacturing cost |
| Investment | Investment |
| Emiratisation | Emiratisation |
| Expatriate contribution | Expatriate contribution |
| ICV bonus: revenue from outside the UAE, Emirati headcount, investment growth | ICV bonus: revenue from outside the UAE, Emirati headcount, investment growth |
| Sustainability bonus | Advanced technology and sustainability bonus |
Our ICV Certification Services
Assessment and gap analysis
We estimate your ICV score from your current figures and show where points are being lost.
Documentation and ICV template
We prepare the ICV template from your audited financial statements, with supplier, payroll and asset schedules.
Stand-alone audited financial statements
Our audit team prepares the stand-alone audit the ICV rules now require. See statutory audit.
Certification with an authorised body
We submit your file to a MoIAT-authorised certifying body and handle their queries until the certificate is issued.
ICV score improvement plan
Practical steps on local sourcing, Emiratisation and investment to raise your score for the next certificate.
Renewal and recertification
We track your 14-month validity and prepare renewals in time for upcoming tenders.
Who Needs an ICV Certificate?
- Suppliers and contractors bidding for ADNOC and other participating entities in the National ICV Program
- Companies tendering for federal and local government contracts
- Manufacturers, traders and service providers that want to stand out in supplier pre-qualification
- SMEs and new companies that want an ICV score before their first major tender
Documents You Will Need
- Stand-alone audited financial statements (or management accounts for new companies)
- Trade licence, MoA and ownership documents
- Payroll records, including Emirati employees
- Supplier and purchase listings, split between UAE and imported spend
- Fixed asset register and investment details
- VAT registration certificate
Our ICV Certification Process
- Assessment: we review your licence, accounts and activities, and estimate your ICV score.
- Data collection: we gather supplier, payroll, asset and revenue data and prepare the ICV template.
- Review and improvement: we check every figure against your audited statements and highlight quick wins.
- Certification: we submit your file to a MoIAT-authorised certifying body and follow it through until the certificate is issued on the ICV platform.
- Renewal planning: we diarise the 14-month expiry and plan the next certificate around your tenders.
Why Choose Hussain Al Shemsi
- Audit and ICV under one roof: the stand-alone audited statements and the ICV template are prepared together, so the figures match.
- Chartered Accountants with UAE audit, tax and advisory experience. Meet our team.
- Practical advice on improving your score, not just filing it.
- Based in Sharjah, supporting businesses across all seven emirates.
Frequently Asked Questions
What is an ICV certificate?
A certificate that measures a company’s contribution to the UAE economy through local spending, investment and Emirati employment. Participating entities in the National ICV Program use the ICV score when evaluating tenders.
Who issues the ICV certificate?
Only Certifying Bodies authorised by MoIAT can issue it, through the official ICV platform. We handle the whole process for you and work with an authorised certifying body until you are certified.
How long is an ICV certificate valid?
14 months from the date your audited financial statements were issued. Recertification during that period uses the same audited statements and does not extend the validity.
Can I use consolidated financial statements?
No. For financial years ending after 31 December 2024, stand-alone audited financial statements for the entity being certified are required.
Can a new company get an ICV certificate?
Yes. Companies less than 10 months old can use management accounts for up to 9 months; longer periods need to be audited.
Do branches need separate certificates?
Each trade licence is a separate entity. Branches in the same emirate with identical activities and ownership receive one combined certificate.
Can you help improve our ICV score?
Yes. We review your spending, workforce and investments and give a practical plan to raise your score for the next certificate.
Start Your ICV Certification
Tell us about your next tender and we’ll check where your ICV score stands today.
How can we help you?
Get in touch with Hussain Al Shemsi Chartered Accountants for expert auditing, accounting, tax, and advisory services in the UAE.
- +971 50 3636231
