ICV Advisory Services in Dubai and ISO Advisory Services in the UAE were established in 2017 to fulfill Emiratization objectives, diversify GDP, and address strategic priorities for the Abu Dhabi National Oil Company (ADNOC) Group Companies. Since its inception, the program has garnered participation from numerous government and semi-government entities, broadening the reach of the ICV certification initiative to encompass suppliers across various sectors in Dubai and the wider UAE.

ICV Certification Services

Are you looking to work in the construction industry in Dubai? If so, you may have heard about ICV certification. But what exactly is it, and why is it important? This blog post will explain everything you need to know about ICV certification in Dubai in a clear and easy-to-understand way.

What Is ICV Certification?

ICV stands for In-Country Value. It is a UAE programme designed to increase the contribution of local businesses to the national economy. The programme encourages suppliers to increase local spending, develop their workforce, invest in the UAE and support local industries and services.

An ICV certificate is issued after the supplier's information is reviewed by an authorised ICV certifying body. The resulting ICV score is stated on the certificate and can be considered by participating entities during tender and contract award processes.

The ICV certification process is based on the supplier's financial and operational information, so maintaining accurate accounting records and supporting documents is important before starting the certification process

Why is ICV Certification Important?

ICV certification is important for several reasons:

• It's mandatory to work in construction in Dubai: Without an ICV certificate, you won't be able to get a job on most construction projects.
• It helps ensure safety on construction sites: By ensuring workers are qualified and have the right skills, ICV certification helps to prevent accidents and injuries.
• It can improve your career prospects: Having an ICV certificate shows that you're a qualified and professional worker, which can help you get better jobs and higher pay.
  
  

ICV Certification Process in the UAE

Obtaining an ICV certificate involves several stages. GAAP Associates can assist your business throughout the preparation and certification process.

1. Understand the ICV requirements

We review your business activities, financial records and available supporting documents to understand the requirements applicable to your company.

2. Prepare the required information

The company provides its audited financial statements, business licence, and other supporting documents required for the assessment.

3. Prepare the ICV information

Relevant financial and operational information is organised according to the applicable ICV requirements and template.

4. Review and submission

The required information is submitted through the official ICV certification process, and the authorised certifying body carries out the required assessment.

5. Verification and assessment

The submitted information is reviewed and verified as part of the certification process.

6. Receive the ICV certificate

Once the assessment is completed, the ICV certificate is issued with the supplier's calculated ICV score.

ICV Certification - Important Factors to Note

For ICV certification eligibility, the most recent audited IFRS financial records of the entity should not exceed a two-year gap from the certification year. In instances of newly formed companies (less than 10 months old), lacking audited financial statements, management accounts up to 10 months prior to the ICV assessment can be considered. Utilization of the ICV certificate is required within 14 months following the release date of the audited financial statements.

ISO Certification Services in Dubai

Want your Dubai business to shine brightly? ISO certification can be your secret weapon! But with all the fancy terms and different options, it can feel confusing. No worries, this blog breaks it down in plain English.

Think of ISO like a checklist for greatness:

• ISO 9001: Makes sure your products and services are always top-notch.
• ISO 14001: Helps you be kind to the planet by saving energy and reducing waste.
• ISO 27001: Keeps your customers' information safe and sound.
• ISO 45001: Makes your workplace a healthy and happy place for everyone. 
  
  

Finding the right guide:

Choosing the right company to help you get certified is like picking the perfect travel buddy. Look for someone who:

• Knows their stuff: They've helped other businesses in your field get certified before.
• Can explain things clearly: They don't talk in confusing jargon.
• Has good reviews: Other businesses recommend them.
• Is honest about costs: No hidden fees or surprises.
• Helps you even after you're certified: They're there to answer questions and keep you on track.
  
  

Why get certified in Dubai?

Think of it like getting a golden ticket:

• The government helps: They want businesses to be awesome.
• Lots of experts: Finding someone to help is easy.
• Good for business: Customers trust companies with the golden ticket.
• Saves you money: Makes your business run smoother.
• Everyone wins: You, your employees, and the planet!
  
  

Ready to take the first step?

• Figure out what you want to achieve.
• Pick the ISO that fits your needs.
• Talk to a few different companies.
• Choose the one that feels right.
  
  

Why Choose GAAP Associates for ICV & ISO Certification?

GAAP Associates provides practical support to businesses preparing for ICV certification and ISO certification in the UAE. Our team takes the time to understand your business activities, review the required records and identify the documentation needed for the applicable certification process.

From preparing ICV-related financial information to supporting ISO documentation and implementation, we help businesses stay organised and prepared at every stage. Our approach focuses on clear guidance, accurate documentation and efficient coordination with the relevant certification bodies.

With GAAP Associates, businesses can approach their ICV and ISO certification requirements with a structured process and professional support tailored to their specific needs.