How To Get The ICV Certificate
How does a business obtain an ICV Certificate?
A company can get an In-Country Value certification (ICV) by following the steps outline below:
Data Collection
Receiving of data, information and required documents for the processing of ICV certificate.
Review & Assessment
The assessment of data and information provided by the company.
Agreed Upon Procedure
Certifying body will perform agreed upon procedures (AUP) for the submitted data and information.
Draft Approval
Company will review and agree on the result of agreed upon procedures (AUP).
Get ICV Certificate
The final ICV certificate will be issued.
ICV Certificate Detail Requirements
Download Requirement for:
Mainland CompaniesDownload Requirement for:
Freezone CompaniesDownload Requirement for:
Indutrial CompaniesICV Score Calculation Formula
MANUFACTURING & THIRD PARTY COST
50% for Cost of goods and services incurred in the UAE in comparison to total cost.
INVESTMENT*
25% for Direction and volume of net book value of assets the entity owns.
EMIRATIZATION*
15% for cost of Emiratis (salary, training and benefits) & donations for Emiratis development.
EXPAT CONTRIBUTION
10% for number of expat employees the entity hires.
BONUS*
5% bonus for revenue generated from outside UAE, Emiratis headcount, & investment growth.
ICV Certifying Bodies
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Al Raqamya Management Consulting Firm
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ARC Associates
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Ardent Advisory and Accounting LLC
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Assist Plus for accounting and auditing services
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Bakertilly MKM Chartered Accountants
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Crowe
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Deloitte & Touche (Middle East)
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Ernst & Young
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Evas International Chartered Accountants
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Focus Chartered Accountants
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Grant Thornton Auditing and Accounting
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HLB Hammt Chartered Accountants
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Hamid Al Kaabi Accounts Audit
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Kreston Menon Chartered Accountants
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Mayur Batra Group
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Mazars Chartered Accountants
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PKF – United Arab Emirates
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Protiviti
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Rai
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Talal Abu-Ghazaleh & Co. International
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Zayed Chartered Accountant