ICV & Classification

Professional ICV Certification services in UAE. We help prepare, audit, and submit ICV reports for ADNOC, Etihad Rail, and government contract eligibility.

In the UAE, ICV (In-Country Value) and classification are terms often associated with the procurement strategies of companies, particularly in the oil and gas sector, and more broadly across various industries. These concepts are part of the UAE's efforts to diversify its economy, stimulate local production, and increase the employment of Emiratis in the private sector. Here’s a brief overview of both.

ICV (In-Country Value) Program

The ICV program aims to drive more value from procurement activities into the UAE economy. By encouraging the use of local resources, services, and manufacturing, it seeks to reduce the outflow of spending to other countries and promote local industry growth. The program typically requires companies participating in major procurements to demonstrate how they are adding value to the UAE economy. This could be through local manufacturing, the use of local services, job creation for Emiratis, and development of local skills.
Companies are assessed on their contribution to the local economy, and this assessment can influence their ability to win procurement contracts, especially with government and semi-government entities. The ICV score of a company becomes a critical factor in procurement decisions.

Classification

Classification, in the context of UAE business and industry, often refers to the categorization of companies based on various criteria such as business activities, size, ownership, and other factors. In specific industries like construction, engineering, and others, classification is used to determine the types of projects companies are eligible to undertake. It might involve an assessment of the company’s financial strength, technical capabilities, and track record.
In some sectors, obtaining a certain classification is necessary for bidding on government contracts or projects of a certain size and complexity. Classification systems are put in place by various regulatory bodies within the UAE to ensure that companies operating in critical sectors meet the necessary standards and are capable of delivering high-quality services or products.

ICV & Classification Together

Both ICV and classification systems aim to regulate and promote sustainable economic growth within the UAE. They ensure that companies operating in the UAE contribute positively to the local economy, adhere to standards of quality and capability, and support the government’s vision of economic diversification beyond oil.
While ICV focuses on the economic value retained within the country, classification systems are more about ensuring companies are fit for purpose within their specific sectors. Together, these mechanisms work towards a resilient, diversified, and sustainable economy, creating opportunities for local businesses and workforce alike.
Businesses operating or planning to operate in the UAE should familiarize themselves with the ICV requirements and classification rules relevant to their sector, as these can significantly impact their operations and opportunities within the country.

Best Legal specializes in guiding businesses through the ICV & Classification in UAE. Strengthening the UAE's economic development is the goal of the ICV initiative. Local manufacturers and suppliers are given priority. Best Legal helps businesses comprehend and comply with ICV regulations. Increasing Emiratization and promoting local investments are two of them.

Having the ICV & Classification in UAEis essential for businesses looking to work with the government. It also improves a business's ability to be sold in the UAE. Best Legal offers customised guidance on raising ICV ratings. Additionally, the organisation assists in getting the required qualifications. Products and services must be properly classified. It guarantees adherence to UAE laws.

Best Legal guides businesses through these intricate categorisation regulations. The company's main goal is to guarantee that items are accurately represented. This guarantees that customers fulfil all statutory and regulatory obligations. The proficiency of Best Legal guarantees seamless