CORPORATE COMPLIANCE SERVICES

ICV

Introduction

The United Arab Emirates (UAE) holds a prestigious position for its strategic location, outstanding infrastructure, and an environment that fosters business growth. To further cement its reputation as a leading global business hub, the UAE has placed a significant emphasis on enhancing its economic policies to promote local value addition through the In-Country Value (ICV) program. This initiative is part of the nation’s strategic endeavor to drive economic diversification, local industry development, and sustainable growth.

Importance and Benefits of National In-Country Value Certification

Central to the UAE’s economic strategy is the requirement for businesses to attain the National In-Country Value Certification. Established under the umbrella of various regulatory frameworks, this certification is a testament to the UAE’s dedication to bolstering a transparent, resilient, and competitive business landscape. It aims at ensuring that companies operating within the UAE contribute significantly to the local economy by utilizing local resources, workforce, and services.

The National In-Country Value Certification not only underscores the UAE’s commitment to economic diversification but also enhances business entities’ competitive edge by aligning them with national development goals. It serves as an essential mechanism for businesses to demonstrate their contribution to the local economy, fostering a preference for those who actively invest in local content and value chains.

Our Role & Methodology

In navigating the complexities of obtaining this certification, our role is to provide comprehensive guidance to our clients, ensuring they not only meet the required standards but also leverage the certification to enhance their market position. Our services are designed to facilitate the certification process, enabling businesses to align seamlessly with the UAE’s economic directives. We handle the nuances of the certification process, allowing our clients to focus on their strategic goals without being bogged down by the intricacies of compliance.

Our methodology is thorough and proactive, aimed at ensuring businesses are well-prepared for certification and remain compliant with evolving regulations. Through diligent oversight, we ensure continuous alignment with the UAE’s economic policies, protecting our clients from potential challenges while maximizing their contribution to the national economy. This proactive stance reflects our commitment to providing exemplary services, rooted in the principles of strategic foresight, transparency, and adherence to national economic objectives.

Beyond Certification: Supporting a Sustainable Business Ecosystem

Ultimately, our expertise and services go beyond achieving certification. They are instrumental in supporting a business ecosystem that prioritizes local development, transparency, and strategic contributions to the UAE’s vision for an economically diversified and sustainable future.

Regulatory Compliance and Disclaimers

Our guidance on In-Country Value (ICV) services aligns closely with the UAE’s strategic initiatives and regulatory frameworks aimed at enhancing local economic development and diversification. This includes adherence to guidelines set forth by the UAE Ministry of Industry and Advanced Technology, along with specific procurement policies and ICV certification processes defined by major entities like ADNOC and other key stakeholders in the UAE’s economic sectors. Our commitment to these guidelines ensures that our ICV services are both accurate and in full compliance with the UAE’s efforts to boost local content and contribute to sustainable economic growth.

The information presented herein is intended solely for marketing and informational purposes and should not be interpreted as comprehensive tax, legal advice, or guidance. While every effort is made to ensure the accuracy and relevance of the content, it is subject to change without notice and may not reflect the most current legal or regulatory developments.

The information provided does not constitute a direct or implied recommendation or endorsement of any strategy, decision, or action. Clients are encouraged to consult with the tax, legal, or professional advisors to determine the applicability of the information to their specific circumstances. Europe Emirates Group expressly disclaims any liability for errors or omissions in this information or for any loss or damage suffered by any person as a result of reliance on the information provided. Use of and reliance on the information is at the user’s own risk.