The UAE’s In-Country Value (ICV) program aims to boost economic diversification and promote local value creation.
At Capital Zone Accounting and Bookkeeping, we offer expert ICV Audit Services to help businesses meet certification requirements, ensuring eligibility for government contracts and valuable incentives.
Whether you are seeking your first ICV certification or managing annual recertification, our team ensures that your business remains compliant, competitive, and ready to capitalize on new opportunities.
What We Offer
We assess your business’s eligibility for the ICV program by reviewing:
Operational processes
Procurement activities
Financial records
Our clear roadmap outlines the steps your business needs to take to achieve ICV certification successfully.
Our auditors conduct a thorough evaluation of your:
Financial statements
Procurement documentation
Operational structures
We verify compliance with ICV standards and provide a detailed audit report ready for submission to the certification authority.
ICV certification must be renewed each year.
We assist with:
Annual compliance audits
Updated financial and operational reporting
Streamlining the recertification process to maintain your ICV status
Want to increase your ICV score?
We develop tailored improvement plans focused on enhancing local value creation by:
Increasing local procurement
Hiring UAE nationals
Investing in local infrastructure and resources
Our strategies help your business stay ahead in a competitive marketplace.
We prepare clear, comprehensive ICV audit reports, ensuring all required documentation is:
Complete
Accurate
Ready for submission to the authorized certification body
The In-Country Value (ICV) program is an initiative launched by the UAE government to enhance local economic growth. It encourages companies to source goods and services from within the UAE, hire Emirati nationals, and invest in the country’s infrastructure. The program supports the UAE’s broader strategy for economic diversification and long-term sustainability.
ICV certification allows businesses to participate competitively in government contracts and tenders. Companies with higher ICV scores are often favored when government entities and major corporations award contracts, giving certified businesses a significant advantage in expanding their opportunities within the UAE market.
An ICV audit reviews a company’s financial statements, procurement methods, hiring of UAE nationals, and investments in local assets or initiatives. The goal of the audit is to verify that the business accurately reports activities aligned with ICV objectives and complies fully with program requirements.
ICV certification is valid for one year and must be renewed annually. We offer support with yearly audits and compliance reviews to ensure that your business remains eligible and competitive under the ICV program.
To improve your ICV score, your business should focus on increasing the amount of local procurement, employing more UAE nationals, and investing in local infrastructure and capabilities. Our team can create a customized action plan to help you strategically enhance your ICV score and fully leverage the benefits of the program.
Our services are suitable for all types of businesses from startups and SMEs to large enterprises. Whether you’re in retail, hospitality, professional services, or any other sector, we tailor our solutions to meet your specific financial and regulatory needs.
We provide financial reports on a monthly, quarterly, and annual basis, depending on your preference and business requirements. These reports include income statements, balance sheets, and cash flow statements, giving you a clear view of your financial performance.
Yes, all our bookkeeping and accounting services are fully VAT-compliant. We manage VAT calculations, returns, and timely submissions to the Federal Tax Authority (FTA), ensuring your business stays compliant and avoids penalties.
Absolutely. We work with a wide range of accounting software, including QuickBooks, Zoho Books, Xero, Tally, and more. Our team can seamlessly integrate with your current systems or help you migrate to a more efficient platform if needed.
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