The National In-Country Value Certification Program - Dubai & NE Emirates Designed to achieve optimal worth.
Assist Plus is empanelled as one of the Certifying Body appointed by the Ministry of Industry & Advance Technology (MOIAT). We are an integral part of your journey to obtaining the National In-Country Value (ICV).
What is the national In-country value (ICV) certification?
Any country's economy can only function if it has a good state of spending. Therefore, a key driver of economic development and social productivity provides UAE with sustainable options. The In-country Value Program (ICV) is a program in the United Arab Emirates that promotes the local market to produce local content in all its elements at the local economy level. In addition, the program aims to overhaul government procurement procedures to meet economic goals set by the laws' economic visions, strategies, and plans.
Providing Premier Services for ICV Certification in Dubai
The ICV initiative will encourage firms and manufacturers that participate in government tenders to boost their financial contributions int to the local economy, and this is through three primary factors:
Locally produced goods and services.
The ICV initiative will encourage firms and manufacturers that participate in government tenders to boost their financial contributions int to the local economy, and this is through three primary factors: Emiratization, investment, and locally produced goods and services.
All federal and local government and semi-government entities have collaborated to drive a unified program known as ICV.
What are the pre-requisites for ICV certificate?
It is required for a company to submit financial statements compiled and audited by the IFRS for the last two fiscal years. These need to be signed by a partner in an Audit firm that is duly registered with the Ministry of Economics.
The audited financials being submitted cannot be older than 2 years starting from the year of the certification. The management accounts for a company that is less than ten months old can be used for icv certification if it is newly established (less than 10 months old). All management accounts must be audited if they are more than 9 months old.
For ICV Certification purposes, every firm's trade license is treated as a separate legal entity, even if the ownership structure is identical.
A single ICV Certificate may be granted to a Company with several branches in the same Emirate performing identical activities and having the same ownership.
Our assurance to you:
Within the last 12 months, we've helped 100's of customers obtain the ICV Certificate successfully.
Our ICV team possess a solid understanding of deadlines, reporting requirements, and a formalized engagement plan that eased us to have all enquiries answered within 24-hours.
We set ourselves apart by focusing on the many services we provide and how we provide them.
The validity of the ICV Certificate
The ICV certificate is valid for 14 months starting from the date on which the Audited Financial Statements are issued. During the ICV certificate's validity, the supplier could receive recertification from the same Certifying Body using the same audited financial statements; nevertheless, the validity of 14 months following issue will not be altered.
Get in Touch with Us Today
For further details and information, feel free to contact us at our hotline or drop us a message and our representatives will get back to you as soon as possible.
Mobile: +971 (50) 836 3418
Phone: +971 (4) 879 0744
Assist Plus is a leading ICV auditor I Dubai selected by the UAE ministry of industry and advance technology to carry out the in-country value certification assessment for Dubai and the Northern emirates.