ICV Consulting

The National In-Country Value (ICV) Program is a critical initiative by the UAE Ministry of Industry and Advanced Technology (MoIAT) aimed at boosting economic performance and supporting local industries. For businesses seeking to participate in government tenders or contracts with major entities like ADNOC, Aldar, and Mubadala, a high ICV score is no longer just an advantage—it is a necessity.

At AMAJ UAE, we provide specialized consulting to help you navigate the complexities of the ICV formula. We don’t just help you get certified; we help you understand the metrics to maximize your score and increase your chances of winning lucrative contracts.

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Our ICV Capabilities

ICV Certification Support & Preparation

The process of obtaining an ICV certificate requires the submission of a complex template based on your audited financial statements. Errors in data entry or misinterpretation of the guidelines can lead to a lower score.

• Template Preparation: We assist in accurately filling out the official ICV templates, ensuring all financial figures reconcile perfectly with your latest audited financial statements (IFRS compliant).

• Documentation Readiness: We collate and organize all supporting evidence—such as supplier invoices, investment records, and payroll data—required by the Certifying Bodies during the verification process.

• Audit Facilitation: We act as your representative during the external ICV audit, answering queries from the Certifying Body to ensure a smooth and fast certification process.

ICV Score Improvement Strategy

A low ICV score can cost you business opportunities. We analyze your current operations to find legitimate ways to improve your rating for future certifications.

• Gap Analysis: We conduct a pre-assessment of your current score to identify weak points (e.g., third-party spend or investment metrics).

• Supply Chain Optimization: We advise on restructuring your procurement strategy to prioritize local suppliers who possess their own ICV certificates, which directly boosts your score.

• Investment & Emiratization Planning: We help you calculate the impact of hiring UAE Nationals or investing in fixed assets, allowing you to weigh the costs against the potential ICV score increase.

Continuous Monitoring

ICV is not a one-time event; it requires certified audited financials every year.

• Proactive Accounting: We guide your accounting team on how to segregate costs and assets throughout the year, making the end-of-year ICV calculation faster and more accurate.

• Regulation Updates: The ICV guidelines evolve. We keep you informed of changes in the calculation methodology to ensure your strategy remains effective.

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Why Choose AMAJ for ICV Consulting?

• Audit Expertise: As an experienced audit firm, we understand the precise financial breakdowns required to satisfy ICV auditors.

• Strategic Insight: We view the ICV program not just as a compliance hurdle, but as a tool for business development. We help you use your score to gain a competitive edge in tenders.

• Local Knowledge: Being a UAE National-owned firm, we have a deep understanding of the government’s vision for localization and economic growth.