1 / 6

ICV Certification in the UAE Everything You Need To Know

The ICV (In-Country Value) Certificate in the UAE measures local businesses' contributions to economic growth and Emiratization, assigning scores based on local goods and services production.<br>

taskmastergulf
Download Presentation

ICV Certification in the UAE Everything You Need To Know

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ICV Certification in the UAE: Everything You Need To Know You Need To Know • The UAE government is making the country the prime hub of ventures, whether it is domestic or international. Many guidelines and rules have been launched by UAE authorities to protect and secure international trade. Similarly, domestic ventures are also bound to follow some rules and regulations. This is the government-launched ICV Certification in the UAE. If you are a local business operator in UAE, then you must be wondering if you need ICV Certification or not or how to get ICV certified. In this blog, let’s learn everything you need to know about the ICV Certification in the UAE

  2. What is an ICV Certification in the UAE? • The ICV is a short form used for “In-Country Value Certificate”. The UAE government ensures economic development and also looks after the companies if they are contributing to their home country. This certification helps to keep a record of goods and services produced locally. • Access to Government Contracts • Long-Term Sustainability

  3. Why ICV Certification is Necessary? • Easier Operation • Amongst all the companies, the ICV Certified Companies are the ones that get faster approvals in terms of licensing, renewal of license. • 2. Competitive Reputation • Having an ICV Certification makes your company look more committed to your work and makes it easy for investors, clients, and other people to trust the company. • 3. Access to Government Contracts • Some government authorities only allow ICV-certified companies to hold government tenders and other contracts. For example, ADNOC, an oil company in Abu Dhabi,allows companies with ICV Certificationto make bids.

  4. How is ICV Calculated? • Research and Development: It depends on how much a business has contributed to the local research and development issues. • Local Procurement: The ratio of how much goods and services are produced locally is also taken into consideration. • Labor utilization: The amount of employment generated through your business is also an important factor.

  5. Contact Us • +971 56 950 7746 • sales@taskmastergulf.c • taskmastergulf.com • Office Suite 1200, 12th Floor, Fahidi Heights - AWR , Sharaf DG Metro Station, Bur Dubai, PO Box-25065, Dubai, UAE • Source Link: Trade Finance: Empowering Global Business

More Related