Last updated on October 22, 2025
The ICV score is determined by considering the expenses on products and services of a company that are produced in the UAE. The UAE implemented the ICV program in 2018. It helps businesses compete effectively for tenders based on the value they bring to the UAE economy.
To support the country's continuing economic progress, a rising number of businesses are using ways to evaluate ICV and select the best suppliers. In the future, bidding processes may rely significantly on ICV calculations.
The ICV score is used as a standard way of evaluating a company's economic contribution to the UAE. It helps the country achieve its economic development objectives. As a supplier of goods and services in the UAE, you must acquire ICV certification. Also, increase your ICV scores continuously to compete with businesses that consider ICV scores throughout the bidding process.
In addition to receiving preferential treatment in government procurement procedures, companies with better ICV scores may also gain a competitive edge in the business world.
(Manufacturing costs incurred within the UAE + Emirati cost + 60% of expat Cost)
____________________________________________________________
Total Cost
(Value of Purchase x ICV of the supplier) + Emirati Costs + 60% of Expat cost
_______________________________________________________
Total Cost
25% of the total assets the company owns. As the net book value of the asset increases, so does the ICV value.
Net book value of assets within the UAE
_______________________________
Net book value
Companies will consider both your ICV Improvement Plan and your ICV certificate when calculating your overall ICV score. The steps you will be taking over a specific period to raise your total ICV score are outlined in your improvement plan.
The following suggestions can help you raise your ICV score:
Local Sourcing: Employ regional vendors for your goods and services. This includes hiring subcontractors, locating raw materials, and acquiring more products and services needed to run your company. This indicates your dedication to strengthening the regional economy.
Hiring UAE Nationals: Employ nationals of the UAE for your workforce. This entails hiring recent graduates from the United Arab Emirates and assisting in the training and mentorship of local talent. This indicates your dedication to training the local labor force.
Investment in the UAE: By expanding local manufacturing and service skills, you can contribute to the local economy. Partnerships, joint ventures, and other investment projects that boost the regional economy can help achieve this.
Community Engagement: Engage in community-based activities and programs that support regional economic growth. This includes taking part in social and environmental projects, supporting local charities, and sponsoring local events.
Technology Transfer: This involves collaborating with similar businesses to create new goods and services, as well as sharing your skills and knowledge with academic institutions, research centers, and local companies.
Companies in the Abu Dhabi, UAE can enhance their ICV score with the assistance of ICV auditors. They assess an organization's ICV strategy, spot any weaknesses, make sure rules are followed, track and report on performance over time, and offer training and development plans to strengthen internal ICV capabilities.
Evaluation of ICV strategy
Identification of gaps
compliance with ICV regulations
Monitoring and reporting
Training and development
GAAP Associates, a leading auditing and accounting firm in the UAE, provides ICV certification services with the help of an ICV certifying body in the UAE. Our trained professional team has extensive expertise and is well-versed in the rules and regulations of the UAE.
Our team at GAAP Associates is committed to ensuring the precise and timely completion of the certification procedure. You may rely on ICV certification services in Abu Dhabi to complete your ICV certification process quickly and accurately. You can resume operating your business without any worries while we work on improving your firm's ICV score.
Accounting methods have evolved significantly as businesses adapt to digital systems and changing operational needs. Traditional accounting, once the standard for managing financial records, is now being compared with newer, technology-driven alternatives.At the same time, cloud-based accounting
Cash flow is one of the most critical factors that determines whether a small business survives or struggles. It reflects how money moves in and out of a business and directly impacts day-to-day operations.In the UAE, small businesses often face unique challenges such as delayed customer payments, h
The UAE is strengthening its tax system. From 1 January 2026, amendments to VAT and tax procedure rules will affect refund timelines, compliance obligations, audit periods, and enforcement powers. These updates are designed to improve transparency, reduce tax leakage, and align the UAE more clo
Business valuation is the process of determining the economic value of a company based on its financial performance, assets, market position, and future growth potential. In Abu Dhabi’s rapidly expanding and investor-friendly economy, accurate business valuation has become essential for businesses
The UAE is moving toward a structured digital tax system through its upcoming e-invoicing framework, introduced by the Ministry of Finance. Unlike traditional PDF invoices, the new system requires invoices to be created in a structured format that can be automatically validated and exchanged between