ICV Audit Support UAE

The National ICV Program is an initiative overseen by MoIAT that redirects procurement expenditure into the UAE economy. Certified companies obtain significant commercial weighting and financial tender advantages when bidding on public and semi-government contracts.

Yes. The ICV template must be populated based entirely on audited financial statements prepared under IFRS, and cannot be older than 18 months from the financial year-end date.

Yes. Newly formed companies (less than 10 months old) without historic audited accounts can apply for an ICV certificate based on management accounts covering a minimum of 9 months, or receive an initial score based on capital investment.

An ICV certificate is valid for 14 months from the date of issuance of the underlying audited financial statements, or until new audited accounts are issued.

The score is driven by: manufacturing costs within the UAE, local procurement of goods and services from UAE suppliers, tangible asset investments in the UAE, Emiratization headcount and salaries, and expatriate workforce investment.

Yes. By strategically prioritizing procurement from certified suppliers holding high ICV scores, investing in local fixed assets, and boosting Emiratization employment, businesses can significantly improve their overall score.

Data preparation and internal pre-audit typically take 5 to 7 business days. Once submitted to an empaneled certifying body, review and certificate issuance take an additional 10 to 15 business days.

Major participating entities include ADNOC, Abu Dhabi Department of Economic Development, Mubadala, Etihad Rail, Aldar, Dubai Municipality, Emirates Steel, and numerous federal ministries and statutory bodies.