Evas International

About Evas International

Evas International is a premier Certifying Body for the National In-Country Value (ICV) Program, dedicated to helping businesses understand, implement, and enhance their In-Country Value. Our team of experienced specialists is committed to supporting your company in achieving its ICV objectives, optimizing your contribution to the UAE's economy, and maximizing your potential in the local market.

What is the ICV Program?

The ICV Program is a strategic initiative led by the UAE's Ministry of Industry and Advanced Technology (MoIAT). It aims to strengthen the national economy by localizing key elements of the supply chain, encouraging local procurement, and creating opportunities for Emirati talent within the private sector. Through this program, businesses are incentivized to boost their local economic impact and foster sustainable growth.

Eligibility and Certification Process

To obtain an ICV certificate, each company must meet certain criteria based on its license. Here’s a simple 3-step certification process:

1. Complete the ICV Supplier Template using the most recent Audited Financial Statements.
2. Engage an Authorized Certifying Body to evaluate your ICV score and performance based on Agreed Upon Procedures.
3. Receive a Digital Certificate upon approval by MoIAT, which remains valid for 14 months from the date of the Audited Financial Statements.

Key Requirements:

• Audited Financial Statements compliant with IFRS and issued by a Ministry of Economy licensed auditor.
• Registration in the Nafis Partner Program, a federal initiative to empower Emirati talent in the private sector.

Understanding the ICV Certificate

An ICV Certificate measures a company’s contribution to the local economy based on predefined criteria. It is mandatory for all suppliers participating in tenders with ICV-implementing companies to submit their ICV certificate along with other required documents. The ICV score is a significant factor in tender evaluations.

How is ICV Calculated?

ICV is assessed based on several factors, including:

• Annual procurement costs from other mainland or ICV-certified companies.
• The total value of fixed assets within the UAE and related depreciation.
• Annual manpower costs associated with both Emirati and expatriate employees.

Common Questions:

• Is there a minimum ICV score?
  No minimum score is required. Scores vary depending on the company’s business model and operations, even within the same industry. However, companies can strategize to improve their ICV score over time.
• Can multiple entities apply for a combined ICV?
  Generally, companies cannot apply for a combined ICV. The exception is if a company has branches in the same emirate with identical activities and ownership; in such cases, a single ICV certificate may be issued.

Why Choose Evas International?

At Evas International, we go above and beyond to help our clients achieve the best possible ICV score in accordance with program guidelines. We provide strategic guidance to enhance ICV outcomes and highlight the long-term benefits of participating in the program. A critical aspect of our service is ensuring that your company’s records align with ICV requirements, facilitating easy retrieval of necessary data to improve the quality of reports related to the Supplier Template.