• Compliance with government regulations: The UAE government introduced the ICV program to promote and support local economic development. Obtaining an ICV certificate allows businesses to demonstrate their compliance with government regulations and participate in public-sector procurement activities.
• Eligibility for government contracts: The ICV certificate is often a necessary requirement for businesses seeking government contracts in the UAE. By holding this certification, companies can enhance their chances of winning contracts and partnering with government entities, increasing their business opportunities.
• Competitive edge in the market: Having an ICV certificate can provide a competitive advantage over businesses that don’t have the certification. It showcases a commitment to the local economy and increases credibility, trust, and confidence among potential clients, partners, and stakeholders.
• Access to government incentives: The ICV program offers various incentives and benefits to businesses that meet the ICV requirements. This includes priority in government tenders, easier access to funding and financing options, and eligibility for certain subsidies and grants.
• Support for local workforce development: The ICV program aims to boost employment opportunities for UAE nationals and develop the local workforce. Businesses with an ICV certificate are encouraged to prioritize hiring and training Emirati employees, contributing to the country’s nationalization targets.
• Enhancing corporate social responsibility (CSR): Obtaining an ICV certificate demonstrates a company’s commitment to supporting the local community and contributing to the UAE’s social and economic development. This aligns with the principles of corporate social responsibility and can enhance the brand image of the business.
• Better supplier relations: Being ICV certified can strengthen relationships with local suppliers and vendors. Many companies prefer to partner with businesses that have the certification as it ensures compliance with local regulations and supports the growth of the local supply chain.

Overall, the ICV certificate in the UAE offers various benefits for businesses by enabling compliance, increasing procurement opportunities, improving market competitiveness, accessing government incentives, supporting local workforce development, enhancing CSR efforts, and fostering strong supplier relations.