ICV Audit
Ensure Full Compliance with the UAE In-Country Value (ICV) Program
At The Capital Zone, we provide comprehensive ICV Audit Services in the UAE to help businesses comply with the In-Country Value (ICV) Program and improve their competitiveness for government and semi-government contracts. The ICV program is a strategic initiative by the UAE government to boost local economic growth by encouraging businesses to invest in local suppliers, Emirati talent, and in-country operations.
Our expert ICV auditors ensure that your financial data, procurement records, and operational information are accurately assessed and reported in line with ICV guidelines issued by ADNOC, MoIAT, and other participating entities. Whether you are applying for ICV certification for the first time or renewing an existing certificate, we ensure a smooth, compliant, and efficient audit process.
Who Needs ICV Audit Services?
ICV certification is essential for businesses that:
- Bid for UAE government or semi-government tenders
- Supply goods or services to ADNOC, its group companies, or ICV-participating entities
- Operate in manufacturing, construction, oil & gas, logistics, trading, or professional services
- Want to improve tender evaluation scores and win more contracts
Seek to demonstrate commitment to local value creation in the UAE
Our ICV Audit Services Include
ICV Eligibility Assessment
We assess your company’s eligibility for ICV certification by reviewing your financial statements, procurement structure, payroll, and operational footprint. Our team identifies gaps and provides a clear action plan to meet ICV requirements.
ICV Certification Audit
We conduct a detailed ICV audit covering audited financial statements, local spend, Emiratization, asset base, and in-country operations. Our auditors ensure accurate calculation and presentation of ICV scores in line with the approved ICV methodology.
Annual ICV Recertification
ICV certificates are valid for one year. We assist businesses with annual ICV recertification, ensuring continued compliance and minimizing the risk of score reduction due to reporting errors or changes in operations.
ICV Improvement Strategy
For companies aiming to increase their ICV score, we develop customized ICV improvement strategies. This may include optimizing local procurement, restructuring supply chains, improving payroll composition, or increasing local asset investment.
ICV Audit Reports & Documentation
We prepare complete and compliant ICV audit reports along with supporting schedules and documentation required for submission to the authorized ICV certifying bodies.
How Our ICV Audit Process Works
- Initial Consultation & Data Review – Understanding your business structure and ICV objectives
- Document Collection – Financial statements, procurement data, payroll, and asset records
- ICV Calculation & Validation – Accurate computation based on approved ICV formulas
- Audit & Verification – Independent review to ensure accuracy and compliance
- Final Report Submission – Issuance of audit report for certification or recertification
Key Benefits of ICV Audit Services
- Higher Tender Scores – Improved chances of winning government and ADNOC contracts
- Regulatory Compliance – Full alignment with UAE ICV program requirements
- Revenue Growth Opportunities – Access to high-value public and semi-public sector projects
- Improved Local Presence – Strategic guidance to enhance in-country value creation
- Error-Free Certification – Reduced risk of rejection or score reduction due to inaccuracies
Why Choose The Capital Zone?
ICV-Focused Expertise
Our auditors have hands-on experience with ICV audits across multiple industries and understand the latest ICV frameworks and evaluation criteria.
End-to-End Support
From eligibility assessment to certification, recertification, and score improvement, we manage the entire ICV audit lifecycle.
Practical & Strategic Approach
We go beyond compliance by helping businesses optimize their ICV score and align operations with long-term UAE economic objectives.
Reliable & Compliant Audits
Our ICV audits are conducted with precision, transparency, and strict adherence to UAE regulatory standards.
Have A Questions?
Contact our team of financial experts for personalized assistance and support.
Frequently Asked Questions
What is the In-Country Value (ICV) program?
The In-Country Value (ICV) program is an initiative by the UAE government to promote local value creation by encouraging businesses to source goods and services locally, hire UAE nationals, and invest in local infrastructure. It is aimed at supporting the UAE’s economic diversification efforts.
How can I benefit from ICV certification?
ICV certification enables businesses to participate in government contracts and tenders. Companies with a higher ICV score are given preference in awarding government contracts, making it an important factor for businesses operating in the UAE.
What is included in an ICV audit?
An ICV audit includes a review of your financial statements, procurement processes, local hiring practices, and investments in local infrastructure. The audit verifies that your business complies with ICV program criteria and accurately reports ICV-related activities.
How often do I need to renew my ICV certification?
ICV certification must be renewed annually. We provide ongoing audit and compliance services to ensure that your business maintains its certification status each year.
How can I improve my ICV score?
Improving your ICV score involves increasing local procurement, hiring UAE nationals, and investing in local infrastructure. Our team provides a tailored strategy to help your business enhance its ICV score and maximize its benefits under the ICV program.
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