Financial Record Review
We review your books and audited financials to make sure the figures feeding your ICV scorecard are complete, consistent and audit-ready.
Win more UAE tenders
In-Country Value (ICV) Certification Support
Bidding for ADNOC, government or large corporate contracts in the UAE? Your ICV score can decide whether you win. The In-Country Value program measures how much of your spending stays in the UAE: local procurement, UAE-based staff, investment in local assets. A higher score makes your tender bid stronger. We get you ready for certification: clean financial records, a properly built scorecard, and a complete certification file, so an approved certifying body can verify and issue your ICV certificate without delays or surprises.
Scorecard builtFrom your audited accounts
Certification fileReady for the certifier
Tender-readyA stronger bid score
What is included
Certification-ready, without the scramble
Record review, scorecard building, supplier mapping and a complete certification file.
Scorecard Preparation
We build your ICV scorecard from your actual data: local procurement, payroll, investments and every other scored input, mapped correctly.
Supplier Data Mapping
We map your supplier spend to identify what counts as in-country value, fix miscoded vendors and close the gaps in your purchase records.
Payroll & WPS Schedules
UAE-based employment is a major score input. We prepare clean payroll schedules from your WPS records that tie back to your books.
Certification File Assembly
We compile the full supporting file an approved certifying body needs: schedules, reconciliations and evidence, organised and cross-referenced.
Certifier Liaison
We work with your chosen approved certifying body, answer their queries and close data gaps until your certificate is issued.
The program
What Is ICV Certification in the UAE?
ICV stands for In-Country Value. It is a UAE program, started by ADNOC and now run nationally under the Ministry of Industry and Advanced Technology (MoIAT), that measures how much of a company's spending stays inside the UAE. The result is a score, and that score becomes part of how buyers evaluate your tender bids. The certificate itself is issued by an approved certifying body after verifying your numbers; our job is to make sure your numbers are right, complete and properly presented before the certifier ever sees them.
The score is built from your audited financial statements plus supporting schedules: what you bought from UAE suppliers, what you paid your UAE-based staff, what you invested in local assets, and other locally retained spending. Because the inputs come from real accounting records, the quality of your bookkeeping directly affects your score. Messy supplier coding, payroll that does not reconcile, or missing purchase schedules can quietly cost you points you actually earned.
- Measures local procurement, UAE-based employment and local investment
- Score is calculated from audited financials and supporting schedules
- Certificate issued by an approved certifying body after verification
- Typically valid for 14 months from the audited statements issuance date
Do you need it
Who Actually Needs ICV Certification
ICV is not a general legal requirement for every UAE business, and anyone who tells you otherwise is selling something. It matters when the buyer cares about it. That means ADNOC and its group companies, federal and local government entities, semi-government organisations, and large corporates that have adopted ICV in their procurement. If you bid, or plan to bid, for contracts with any of these buyers, an ICV certificate is either required or gives you a scoring advantage that competitors without one cannot match.
For everyone else, ICV is optional. A retail shop, a consultancy serving private clients, or a free-zone trader with no tender ambitions does not need an ICV certificate. The honest test is simple: are you losing, or at risk of losing, contract opportunities because a buyer asked for your ICV score? If yes, get certified. If no, spend the money on your books instead, because clean records are what a future certification will be built on anyway.
- ADNOC, government, semi-government and large corporate tenders
- Required by some buyers, a scoring advantage with others
- Not a general legal requirement for all UAE businesses
- If no buyer asks for it, focus on clean books first
How scoring works
How Your ICV Score Is Calculated
Your ICV score comes from a standard scorecard applied to your audited financial statements. The main inputs are your spending with UAE-based suppliers, your UAE-based workforce costs, your investment in UAE assets, and other expenditure retained in the country. Each input is measured against your totals, so the score reflects the share of your economic activity that stays in the UAE. The certifying body verifies every figure against your audited accounts and supporting schedules before issuing the certificate.
This is why preparation matters more than most businesses expect. Two companies with identical real spending can get different scores if one has sloppy supplier coding and unreconciled payroll. We have seen businesses leave points on the table simply because their records could not prove spending they actually made. Our bookkeeping clients start from a stronger position, because their supplier and payroll data is already clean and mapped.
- Built from audited financials plus supporting schedules
- Local procurement, UAE workforce and local investment are key inputs
- Verified by an approved certifying body before issuance
- Clean records directly protect points you have earned
The best time to prepare is before the tender lands
Most businesses start thinking about ICV when a tender document asks for the certificate, and by then the timeline is tight. The scorecard runs on your audited financials, so last-minute fixes are limited. If tenders are part of your next twelve months, talk to us now. For background reading, see our guides to ICV certification in the UAE and improving your ICV score.
How it works
From messy records to certification-ready
A clear path from your current books to a file the certifier can approve.
Data Review
We review your audited financials, supplier records and payroll data, and tell you honestly where your score stands today.
Scorecard Build
We build your ICV scorecard from verified data, mapping every input to the supporting schedule behind it.
File Assembly
We compile the complete certification file: schedules, reconciliations and evidence, organised the way certifiers expect.
Certification Support
We support you through the approved certifying body's verification, answering queries until the certificate is issued.
ICV FAQs
Questions about ICV in the UAE
What is an ICV certificate?
An ICV (In-Country Value) certificate states your company's ICV score: the measured share of your spending and economic activity retained in the UAE. It is issued by an approved certifying body after verifying your audited financial statements and supporting schedules. Buyers like ADNOC, government entities and large corporates use the score when evaluating tender bids, so a higher score directly strengthens your chances of winning contracts.
Is ICV certification mandatory for all UAE businesses?
No. ICV is not a general legal requirement. It becomes effectively necessary when you bid for contracts with buyers that require it or score it, such as ADNOC and its group companies, government and semi-government entities, and large corporates with ICV-based procurement. If none of your buyers ask for it, you do not need a certificate. The practical test is whether tenders you want are asking for your score.
Who issues the ICV certificate? Can BizNex certify us?
The certificate is issued by an approved ICV certifying body after it verifies your submission. BizNex is not a certifying body, and we do not issue certificates. What we do is the preparation that determines your score: we clean up your financial records, build the scorecard from your actual data, assemble the complete certification file, and support you through the certifier's verification until the certificate is issued.
How long is an ICV certificate valid?
An ICV certificate is typically valid for 14 months from the issuance date of the audited financial statements it is based on. Because the validity ties to your audit cycle, the timing of your certification relative to your financial year-end matters. We help you plan the sequence so your certificate covers the tender windows you care about.
What documents do we need for ICV certification?
The core inputs are your audited financial statements, plus supporting schedules: supplier and purchase records showing local versus foreign spend, payroll and WPS records for UAE-based staff, records of investment in UAE assets, and reconciliations tying the schedules back to the audited accounts. Most delays in certification come from these schedules being incomplete or inconsistent, which is exactly what we fix during preparation.
How can we improve our ICV score?
The durable levers are buying more from UAE-based suppliers, employing more staff in the UAE, and investing in local assets. But before chasing big changes, make sure your records capture what you already do: miscoded suppliers and unreconciled payroll quietly cost businesses points they had already earned. We start every engagement by finding those quick wins, then advise on the structural moves worth making. Our bookkeeping and payroll services keep the underlying data clean year-round.
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Ready when you are
Bidding soon? Get your ICV file ready
Tender deadlines do not wait for messy records. Message us now: we will review your financials, tell you honestly where your ICV score stands, and build the certification file an approved certifying body can approve. The earlier we start, the stronger your score.
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