The In-Country Value (ICV) Audit under the Dubai Department of Economy and Tourism (DET) has become a critical requirement for businesses operating in Dubai, especially those working with Dubai Government and semi-government entities. Understanding the ICV audit process helps companies prepare confidently, avoid delays, and maximize their ICV score.

This guide explains what an ICV audit is, how the process works, what auditors review, and how you can prepare effectively.

What Is an ICV Audit?

An ICV Audit is an independent verification of a company’s In-Country Value score, which measures its contribution to the UAE economy. The audit validates financial and operational data used in the ICV certificate, ensuring accuracy, transparency, and compliance with official ICV guidelines.

ICV certification under the DET ICV program is mandatory for suppliers participating in tenders issued by:

• Dubai Department of Economy and Tourism (DET)

• Dubai Government departments

• Government-owned and semi-government entities in Dubai

Why the ICV Audit Is Important

A verified ICV certificate:

• Improves eligibility for Dubai Government and DET tenders

• Enhances competitiveness during bid evaluation

• Demonstrates commitment to local economic growth

• Builds credibility with stakeholders and procurement teams

An inaccurate or poorly prepared ICV audit can lead to rejection, lower scores, or missed business opportunities.

The ICV Audit Process: Step-by-Step

1. Appointment of an Approved ICV Auditor

The process begins by appointing an ICV-approved audit firm licensed in the UAE. Only authorized auditors can issue a valid ICV certificate.

Tip: Working with an experienced audit firm like Elite Auditing ensures accuracy, compliance, and timely certification.

2. Submission of Required Documents

Before the audit starts, companies must submit key documents, including:

• Audited financial statements (latest fiscal year)

• Trade license and MOA

• Payroll records and employee details

• Supplier and procurement data

• Fixed asset register

• Emiratization details (if applicable)

All data must align with the audited financial statements.

3. Data Validation and ICV Calculation

Auditors review and validate data related to:

• Local procurement spend

• Emirati workforce contribution

• Investments within the UAE

• Revenue generated locally

The ICV score is calculated using official DET ICV templates and guidelines issued by the Dubai Department of Economy and Tourism.

4. Compliance Review

During this stage, auditors check:

• Consistency between financials and ICV data

• Correct classification of local vs. non-local suppliers

• Accuracy of payroll and Emiratization figures

• Compliance with the latest ICV guidelines

Any discrepancies are highlighted and shared for clarification or correction.

5. Finalization and Issuance of ICV Certificate

Once all data is verified and approved:

• The final ICV score is confirmed

• The ICV Certificate is issued

• Certificate validity is typically 14 months

This certificate can then be used for tender submissions.