ICV Audit Services
Ensure Compliance with the UAE’s In-Country Value (ICV) Program
Our ICV Audit Services Include
ICV Eligibility Assessment
We evaluate your business’s eligibility for the ICV program, ensuring that your operations, procurement processes, and financial statements meet the ICV requirements. Our team provides a clear roadmap to help your business achieve ICV certification.
ICV Certification Audit
We conduct a thorough ICV audit of your financial statements, procurement records, and operations to verify that your business meets the ICV program criteria. Our team ensures that all relevant data is accurately reported, providing you with a detailed audit report for submission to the certification body.
Annual ICV Recertification
ICV certification must be renewed annually. We assist businesses with the ICV recertification process by conducting regular audits to ensure ongoing compliance with the program. Our services ensure that your business maintains its ICV certification status.
ICV Improvement Strategy
For businesses looking to increase their ICV score, we provide a tailored ICV improvement strategy. Our team helps you identify areas where local value creation can be enhanced, such as increasing local procurement, hiring local talent, or investing in local infrastructure.
Audit Reports and Documentation
We provide comprehensive ICV audit reports that detail your business’s compliance with the ICV program criteria. These reports are essential for submission to the relevant certification body, ensuring that your business is eligible for ICV-related benefits.
Why Choose Us?
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.