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Unified In Country Value (ICV)

Name: Unified In Country Value (ICV)
Brand: SNR Associates

We guide you in attaining ICV certification

SNR Associates support UAE GDP diversification through specifying more goods and services within the UAE and prospectively constraining censorious parts of the value chain for selected categories. We aim to consolidate the ICV certification process into a single ICV certification that can be used by a trader. We assist the clients in attaining ICV certification by improving the entity’s participation. Our auditing team will help clients until obtaining the client’s unified ICV certificates in a short time, and we track records of issuing ICV certificates across multiple industries.

SNR Associates will help the client to understand the ICV program and determine its impact, including making recommendations about the restructuring of organizational processes, legal entity consolidations, investment planning, and manpower rationalization. Our experts come up with a dedicated team to provide solutions and strategies that drive business transformation. We also facilitate the client by formulating an improvement plan.

SNR Associates facilitate drafting the ICV template and improvement ideas and monitoring to maintain a high ICV score. We help the client to get an advantageous position during the ADNOC tender process. SNR Associates will help the clients understand the factors that determine an entity’s ICV score in the UAE.

Frequently Asked Questions

What is the unified in-country value process?

The ICV is a program used for supporting entities to encourage Emirates in the Private Sector, expand the local economy and make strong the local supply chain. The nature of the work is to calculate supplier’s contribution to the UAE economy, through the ICV Score.

Who issues the ICV Certificate?

The engaging organizations have authorized professional concern for the verification and distribution of the ICV Certificate. They are one of the approving people, look forward to helping you with the certification process. Most companies will hire auditors for the work.

How to calculate the ICV score?

The company’s in-country value is calculated by knowing the economic value of the goods or services provided by the company. Such as, exports of the firm, revenue income, spending to others, investment, goods produced by the organization, and job opportunities for UAE nationals.

Who needs an ICV Certificate?

Group 1 suppliers, who are directly providing goods or services to the engaging companies are required to announce their ICV Score for tender evaluation and award process. Group 2 and below companies may also be required to provide their ICV Certificate for competitiveness with group 1.