ICV and ADV Certificates Abu Dhabi
ICV certification services in Abu Dhabi. ADNOC, Aldar, Economic Department, Abu Dhabi Ports has launched an In-Country Value (ICV) program. The ICV certificate program aims to grow and diversifying the UAE’s economy and creating opportunities for UAE nationals in the private sector. An ICV certificate should be acquired for each legal entity. Having a set up as a local Abu Dhabi LLC UAE Company with a 51% investor will extend your ICV score, although it will be important to acquire the ICV report for the 51% shareholder to get the full advantage. This is where utilizing a corporate shareholder such as PRO Partner Group can help. We already have full ICV registration and as such we can assist foreign companies in giving our own detailed ICV profile to combine with theirs.
ADNOC, Aldar, Economic Department, Abu Dhabi Ports suppliers will have ICV Certificates given by an ADNOC, Aldar, Economic Department, Abu Dhabi Ports empaneled Certifying Body. Suppliers who don’t possess ICV Certification will be allowed to participate in ADNOC, Aldar, Economic Department,Abu Dhabi Ports Group tenders; however, their ICV Score will be considered as “Zero(0)” in the bid evaluation. An ICV certification needs to be obtained for each legal entity, which intends to participate in tender with ADNOC, Aldar, Economic Department, Abu Dhabi Ports or any of its group entities.ICV Certification will be readied based on last audited budget statements, which will not be older than 2 years from the certification year. ICV certification shall be valid for 18 months from the date of the initial issue or once a new set of financial statements are issued (whichever is earlier). The supplier shall be responsible to have the revised ICV certificate within 2 months of the issuance of audited financial statements.