Streamlining Process

ICV Certification

Tatweer Insurance Typing and Travels is proud to assist businesses in obtaining In-Country Value (ICV) certification, a strategic initiative in Abu Dhabi designed to assess and certify companies based on their commitment to supporting economic development. This certification evaluates a range of criteria, including local investment, job creation, Emiratization efforts, and the procurement of goods and services from local sources.

The primary goal of ICV certification is to incentivize businesses to make meaningful contributions to the local economy, promoting sustainable growth and diversification. By achieving this certification, companies can enhance their market position while aligning with the broader economic objectives of the region. At Tatweer, we provide the guidance and support needed to navigate the certification process, ensuring your business can maximize its impact and benefit from the advantages that come with ICV certification.
Essentials

Strategic Impact of Implementing the ICV Program

The implementation of the In-Country Value (ICV) Program will have significant strategic impacts, including:
  1. Localization & Development: The program encourages the strategic localization of supply chains and fosters the development of new local industries and services, enhancing the overall economic landscape.

  2. Private Sector Growth: By increasing the private sector’s contribution to the national GDP, the ICV Program aims to create a more robust and diverse economic environment.

  3. Research & Development: The initiative promotes increased spending on research and development, driving innovation and the adoption of advanced technologies across various sectors.

  4. National GDP Growth: The ICV Program directly contributes to the growth of the national GDP, supporting the overall economic objectives of the region.

  5. Job Creation: By fostering the growth of local industries, the program creates valuable job opportunities in the private sector, empowering the workforce and contributing to economic stability.

  6. Foreign Investment: The program stimulates and attracts foreign investments, contributing to a more diversified economy and enhancing the UAE’s position as a global business hub.

By focusing on these key areas, the ICV Program will play a crucial role in shaping a sustainable and prosperous economic future for Abu Dhabi and the UAE.

Rules

Who Can Apply for ICV Certification?

ICV (In-Country Value) certification in the UAE is accessible to companies of all sizes and ownership structures across various industry sectors. Both local and international businesses looking to demonstrate their commitment to supporting the local economy can apply for ICV certification. The program assesses local spending, Emiratization efforts, and procurement from local suppliers. Additionally, ICV certification is often a prerequisite for participating in government tenders and contracts, making it particularly crucial for companies involved in public projects. Eligible businesses should carefully review the specific guidelines provided by the relevant authorities to ensure compliance and a smooth application process.
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    TATWEER INSURANCE TYPING AND TRAVELS
    TATWEER INSURANCE TYPING AND TRAVELS
    TATWEER INSURANCE TYPING AND TRAVELS