ICV Consultancy Services in Abu Dhabi
J&J Management Consultant is a go-to partner for exceptional ICV Consultancy Services in UAE. Our certified ICV consultants in UAE support businesses in handling the complexities of ICV compliance.
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In 2017, the Abu Dhabi National Oil Company introduced the In-country Value Program, which aimed to achieve Emiratisation, GDP diversification, and the strengthening of local industries. Later, in 2021, the Ministry of Industry and Advanced Technology launched the UAE’s National ICV Program with the aim of strengthening economic participation. This participation focuses on driving economic growth, increasing local industry involvement, and enhancing the capabilities of UAE businesses.
The National ICV Program of the UAE is managed by government representatives and industry experts to ensure that the program is implemented successfully, and economic development takes place along with developing local industries. Some of the major partners of the ICV certification program in Dubai and within the UAE include ADDED, ADNOC, Mubadala, the Department of Economic Development, and Aldar Properties. Suppliers have to report their ICV achievement every year based on the previous financial year and need to acquire certification from approved certifying bodies. That is why businesses use ICV Consultancy Services in Abu Dhabi for compliance matters and score improvements. Getting the right ICV Consultancy Services in Abu Dhabi makes a great difference to prepare a company and perform better in the ICV certification process.
Top premier ICV Consultancy services in Abu Dhabi
J&J Management Consultant is a go-to partner for exceptional ICV Consultancy Services in UAE & Dubai. Our team helps businesses enhance local value contribution in a thriving business environment in the UAE. As part of our expansion, we also offer ICV Consultancy Services in Abu Dhabi, ensuring businesses across the Emirates receive comprehensive support.
J&J’s ICV Consultancy in UAE is dedicated to helping small and medium industries grow their presence both nationally and globally by connecting them with key strategic partners to accelerate business growth. We provide high-quality ICV services in Dubai, along with specialized ICV Consultancy Services in Abu Dhabi, that will assist your firm in surmounting the challenges it faces toward profitable growth.
The objective of ICV Consultancy in Abu Dhabi
- ICV Compliance Support: Our ICV Consultancy Services in Abu Dhabi helps businesses in understanding and adhering to ADNOC’s In-Country Value Program In UAE.
- ICV Certification: Through our expert ICV Consultancy Services in Abu Dhabi, we guide businesses in optimizing and maintaining ICV scores to secure ICV certificates in the UAE.
- Employment support: Boost employment opportunities for UAE nationals to work in a private industry without any legal issues.
- Business development: Our ICV consultancy services help businesses to expand globally and domestically.
- ICV Advisory services: Delivers expert advice to maximize value contribution by adhering to ICV requirements.
- Optimizing ICV score: Helps to develop strategies to improve financial performance, boost Emiratization, and promote local sourcing to improve ICV score.
- Industry-specific approach: We provide personalized ICV consultancy services tailored to the needs of the specific industry.
Our team assists clients in obtaining ICV certification to enhance a competitive edge and support the economic development of the United Arab Emirates.
Our End-to-end ICV Services
ICV Consultancy
Non-ICV-certified businesses in UAE can seek the guidance of J&J to facilitate a smooth ICV certification process. Through our ICV Consultancy Services in Abu Dhabi, Our ICV specialist helps to identify and assess the challenges of ICV Certification and provides personalized solutions while ensuring compliance.
We simplify the documentation process, boost ICV scores, and help open doors for new opportunities, helping businesses gain a competitive edge in the UAE market. We work with our clients to understand their business requirements, helping them to calculate ICV. We continuously update our clients on the latest information ICV program and suggest any policy changes, if needed. We help to navigate the complex ICV landscape confidently and effectively.
ICV Certification
J&J Business Consultants in the UAE assist organizations in obtaining the necessary ICV Certification. Through our ICV Consultancy Services in Abu Dhabi, businesses enjoy flawless certification processing. All procedures to obtain the ICV Certificate are handled by us, providing a hassle-free experience for our clients. Our collaboration with a fully accredited ICV Certification Body enables us to provide solid, efficient help to achieve ICV Certification in the UAE.
ICV reporting and documentation:
Our ICV consultants ensure the accurate and timely preparation of ICV reports while maintaining complete ICV compliance within the UAE. Through our ICV Consultancy Services in Abu Dhabi, we provide comprehensive documentation support, ensuring transparency and clarity throughout the evaluation process.
ICV Evaluation and Compliance
Our consultants conduct a detailed analysis of your business activities to determine ICV applicability. With deep expertise in assessing company ICV performance, we help enhance your score while aligning your operations with national economic objectives. This forms a core part of our ICV Consultancy Services in Abu Dhabi, ensuring businesses remain compliant and competitive.
ICV Performance Strategies
We deliver customized strategies to boost ICV scores while increasing local value contribution. Our strategies include an efficient way of managing risk to ensure adherence to ICV standards. We aim to improve your ICV performance and make your business attractive to stakeholders.
ICV Improvement Plan
J&J offers more than standard consultancy—we provide solutions that help clients not only acquire ICV Certification but also retain and upgrade it. We develop structured ICV improvement strategies to help businesses systematically enhance their performance. With our ICV Consultancy Services in Abu Dhabi, clients consistently achieve their intended outcomes and maximize ICV-related benefits.
ICV Score
A good ICV score improves a company’s chance of securing contracts and building recognition in the UAE market. Companies must secure ICV certificates, as ADNOC requires a thorough evaluation of ICV score to recognize the local economic contribution. J&J provides expert assistance in meeting all necessary ICV requirements, improving ICV scores, and strengthening its market position.
Key factors in calculating ICV Score
A company’s ICV score reflects the economic contribution impact in the UAE and is measured as a percentage. Achieving ICV certification ensures a streamlined process and adherence to compliance. Businesses often work with ICV Consultancy Services in Abu Dhabi to accurately assess and enhance their ICV performance. The following criteria are to determine the ICV score:-
- Goods manufactured
- Third-party spending
- Revenue from outside the UAE
- Contribution by Expatriates
- R&D investment
- Emirates Headcount
Understanding UAE’s ICV Program Framework
The UAE’s In-Country Value (ICV) Program aims at local enhancement to boost the UAE’s economy in various industries such as oil and gas, and manufacturing. ICV Certificates in the UAE are issued by the companies depending on the economic contribution to the UAE. For businesses seeking professional support, many organizations opt for ICV Consultancy Services in Abu Dhabi to ensure compliance and achieve higher ICV scores.
- ICV Evaluation: The audited financial statement must align with International Financial Reporting Standards (IFRS) which must be avoided for a period of 2 years.
- New business ICV Certification: To determine ICV score, a business operating for 10 months without auditing financial statements, must submit management accounts for a maximum period of 10 months.
- Validity of ICV Certificate: The ICV certificate is valid for 14 months from the duration of the audited financial statement.
- Steps to obtain an ICV Certificate: one must fill out an ICV template and submit it to ICV certifying bodies after receiving an ICV Certificate – it is used as a bid for the government and semi-government — an area where ICV Consultancy Services in Abu Dhabi can provide expert guidance..
- Supplier’s ICV Certificate: To obtain an ICV Certificate, the supplier must approach ADNOC certifying bodies and fill in the supplier template, which is issued by certifying bodies.
- Business License: A separate ICV Certificate must be obtained for each business license in the UAE.
Who is eligible for ICV Consultation in Abu Dhabi?
Businesses in the UAE serving as suppliers of goods and services to government authorities or public authorities in the UAE either directly or indirectly must secure ICV Certifications. Such businesses in Abu Dhabi that are qualified are:
- Abu Dhabi Department of Economic Development (ADDED)
- ADNOC companies
- Environment Agency (Abu Dhabi)
- Abu Dhabi Ports
- Aldar properties
- Abu Dhabi General Service Company(Musanada)
- Other Abu Dhabi, Dubai, and UAE government entities
Why Choose J&J Business Consultant for ICV Consultancy Services In Abu Dhabi?
J&J Management Consultancy is the best ICV Consultancy service provider in the UAE. We are one of the certifying bodies approved by the Ministry of Industry and Advanced Technology (MoIAT) and ADNOC. We have hands-on experience in applications from suppliers and checking and issuing ICV Certificates. Our certified ICV auditor helps to conduct audits and hence compliance. We provide personalized ICV Consultancy services in Abu Dhabi for all diverse clients.
Trust J&J for the best ICV Consultant partner. We will guide you throughout the ICV framework to secure opportunities. Whether you need ICV Consultancy Services in Dubai or expert ICV Consultancy Services in Abu Dhabi, our team is ready to support you with precision and expertise.
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Have a question? check these answers.
No, the ICV Certificate is not limited to the size of a company.
ICV Certification will be reviewed within 14 months.
A single certificate can be issued for branches within the same Emirates with similar activities, while branches in different Emirates must obtain different certificates for each license.
A certifying body should be appointed by the supplier that will issue ICV certificates in the UAE. Supplier must not change the ICV certifying body for any given year.
All figures in the ICV Certificate must comply with the accurate financial statement. Financial statements must align with International Financial Reporting Standards.
New companies less than 10 months old may submit management accounts for up to 9 months for calculating ICV. If management accounts exceed nine months, they must be audited.
The audited financial statement must be older than two years from the certification year.
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