ICV Certification Program

National In-Country Value (ICV)

The National In-Country Value (ICV) Program is a UAE government program that aims to boost economic performance and support local industries.

The program takes into consideration local expenditure on manufacturing, local products and services, investments, and the hiring and development of Emiratis.

It aims to support the national industry and redirect expenditure on procuring goods and services into the national economy.

In 2018, the Abu Dhabi National Oil Company (ADNOC) Abu Dhabi National Oil Company (ADNOC) companies. Diversification and strategic considerations for the program.

ADNOC program is the continuation of 2030 growth strategy which is defined as “creating more profitable and valuable business along with persistent supply of oil and gas”.

In 2021, the ICV program was shifted to the Ministry of Industry and Advanced Technology (MOIAT) with the intention to make this program all-inclusive for Government and Semi-Government departments across the whole UAE.

Carrying forward the objective of this program to ensure spent of businesses is within the national economy in terms of manufacturing cost as well as spent on local products & services.

In addition, encouraging investments in the country, appointing and qualifying citizens and creating quality job opportunities is another major objective of the National ICV Program.

Further, to support industry in the UAE and recycling a larger part of purchases and services expenses within the national economy is the foremost objective of this program.

Fields Considered for ICV Calculations

• Goods Manufactured (only for Suppliers holding Industrial License)
• Third Party Spend (only for Suppliers holding non-Industrial License)
• Investment
• Emiratization
• Expatriate Contribution
• Bonus : I- Revenue from outside UAE.

II- Emirati Headcount.

III- Investment Growth.

Why has 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:

1. Emiratization: Creating additional employment opportunities for Emiratis in the private sector
2. GDP Diversification: Supporting UAE GDP diversification by sourcing additional goods and services within the UAE; and
3. Strategic Considerations: localizing strategically critical parts of the value chain for selected categories.

Who needs ICV Certification?

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.

• ADNOC Group Companies
• Abu Dhabi Department of Economic Development
• Aldar Properties
• Abu Dhabi Ports
• Mubadala
• Etisalat
• Emirates Steel
• TAQA Group
• Edge
• Etihad Rail
• Sharjah Investment and Development Authority (Shurooq)
• Emirates Nuclear Energy Corporation
• Emirates Global Aluminium (EGA)
• Companies submitting tenders through Musanada (Abu Dhabi General Services Company)
• 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.

As more and more parties are implementing the ICV program, obtaining an ICV Certificate is important, We in Smarttax provide ICV consultancy.

So our professional team will support in introducing consultants in this field to become eligible for this certificate.

We in Smart tax  offer the following services for ICV:

• Consultancy.
• Improvement Plan.
• Program Implementation.

Our team is our utmost asset and thus they are meticulously selected to meet the challenge of a dynamic business environment.