> Positioning note (confirmed with FinApt team): FinApt is not itself a MoIAT-accredited ICV Certifying Body. FinApt provides ICV advisory and readiness support, and coordinates with an accredited certifying body who issues the actual certificate. This draft is written to reflect that accurately: do not imply FinApt certifies directly.
A strong ICV score can be the difference between winning and losing a government or semi-government contract in the UAE. FinApt Group guides you through the ICV process, from readiness through to certification. We coordinate with an accredited ICV Certifying Body, which issues the certificate.
What Is ICV, and Why It Matters
In-Country Value (ICV) is the UAE’s program for measuring how much a business contributes to the local economy. It looks at spend with local suppliers, Emiratisation, local manufacturing and investment. Entities such as ADNOC, Mubadala, Etisalat and various government departments require suppliers to hold a valid ICV certificate, and your ICV score can directly affect your ranking or eligibility in a tender. A certificate is valid for 14 months from the date of issue.
Your ICV score is calculated from audited financial statements. The process therefore starts with getting your financial reporting in the right shape, before a certifying body calculates and certifies your score.
How FinApt Group Helps
### ICV Readiness Assessment We review your financial statements, supplier base and workforce data against ICV scoring criteria, and identify what needs to improve before certification.
### Audit-Ready, IFRS-Compliant Financial Statements Since ICV certification depends on audited financials, we help make sure your financial statements are prepared to the standard a certifying body requires. The statements must be IFRS-based and not older than two years. See our external audit services and IFRS advisory.
### ICV Score Improvement Advisory Practical guidance on the levers that improve your score: local procurement, Emiratisation and local value-add. The aim is not just certification, but a competitive score.
### Coordination With Your Certifying Body We work alongside a MoIAT-accredited ICV Certifying Body throughout the process, so your financials, documentation and score calculation move forward together rather than in disconnected stages.
Why FinApt Group for ICV Advisory
- The same team preparing your audit-ready financials guides your ICV readiness. There is no gap between getting audited and getting certified.
- Advisory grounded in real audit and IFRS expertise, not a generic tender-consulting checklist
- Senior-led support through what can be a multi-step, document-heavy process
Frequently Asked Questions
Does FinApt Group issue the ICV certificate?
FinApt Group provides ICV advisory and readiness support, including preparing the audited financial statements ICV certification is based on. The certificate itself is issued by a MoIAT-accredited ICV Certifying Body, which we coordinate with on your behalf.
What documents do I need for ICV certification?
Audited financial statements are the core requirement, alongside supplier spend data, workforce and Emiratisation information, and details of local manufacturing or investment where relevant.
How is my ICV score calculated?
Your score is calculated by the certifying body based on factors including local spend, Emiratisation rate, local manufacturing, and asset and investment levels in the UAE, starting from your audited financial statements.
How long does ICV certification take?
Timelines depend on how audit-ready your financials already are and the certifying body’s process. Starting with a readiness assessment gives a realistic estimate for your specific situation.
Can FinApt help improve a low ICV score before recertification?
Yes. We can review what’s driving your current score and advise on the changes that would improve it ahead of your next certification cycle.