To obtain an ICV certificate in Qatar, businesses must adhere to the requirements of the In-Country Value (ICV) program, which aims to promote local development and economic diversification. The ICV certification process evaluates a company’s contribution to the national economy through local procurement, employment, and investments.
This guide will walk you through the steps and criteria for getting an ICV certificate in Qatar, ensuring compliance with the country’s ICV policies.
What is In-Country Value (ICV)?
In-Country Value (ICV) is a national program to boost local economic growth by prioritising and promoting local goods, services, and industries. In Qatar, the ICV program is driven by the government’s efforts to increase the involvement of local suppliers and service providers in large-scale projects. It encourages companies to utilise more local resources, generate more jobs for Qatari nationals, and invest in the country’s infrastructure and human capital.
The ICV Qatar program assesses companies based on their contribution to the local economy through factors like local procurement, employment of Qataris, and capital investments within Qatar.
This program is crucial in awarding contracts to businesses that score higher on ICV, pushing organisations to adopt more sustainable practices and support Qatar’s national development strategy.
What is ICV Certification in Qatar?
ICV (In-Country Value) certification Qatar promotes local economic development by encouraging businesses to prioritise Qatari suppliers, workforce, and resources. The ICV program aims to increase the contribution of local goods, services, and employment to the national economy.
Here are the key aspects of ICV certification in Qatar:
- Boosting Local Content: It ensures companies operating in Qatar use local suppliers, services, and labour, which enhances the development of local industries.
- Business Opportunities: Companies with higher ICV scores may have a competitive advantage when bidding for government contracts or projects with state-owned enterprises.
- Key Metrics: The ICV score evaluates a company’s local procurement, employment of Qatari nationals, investments in the local economy, and corporate social responsibility initiatives.
- Encouragement for SMEs: It encourages multinational and large enterprises to collaborate with local small and medium-sized enterprises (SMEs).
ICV certification aligns with Qatar’s Vision 2030, promoting a sustainable, diversified economy by reducing import dependence and developing local industries.
Essential Stages of the Procurement Process with ICV Certificate in Qatar
In Qatar, the procurement process significantly emphasises the In-Country Value (ICV) certificate. It influences supplier selection, contract execution, and compliance with national economic goals.
Supplier Onboarding
Suppliers in Qatar must provide their ICV certificates during registration and are required to recertify and update their ICV annually.
Tendering
The ICV Certificate in Qatar is a key factor in selecting winning bidders. Suppliers are assessed based on their ICV scores throughout the tendering phase.
Contract Review
Two essential reviews are conducted during contract execution:
(i) The mid-contract review ensures compliance and progress.
(ii) At contract completion, the final review mandates that a pre-approved certifier sign the contract.
The entire bidding and evaluation process revolves around technical, financial, and ICV evaluation criteria, making adherence to ICV requirements crucial in Qatar’s procurement process.
How to get ICV certificate in Qatar?
To obtain an ICV certificate in Qatar, follow these steps:
Step 1: Understand ICV Requirements
The ICV (In-Country Value) certificate is required by companies aiming to participate in tenders for specific sectors in Qatar, mainly to promote local content and economic development.
Step 2: Gather Required Documents
Before applying for the ICV Certificate Qatar, be sure that you have the necessary documents, including company financial records, tax information, employment data, and local procurement details.
Step 3: Register on the ICV Portal
Companies must register through the relevant Qatar ICV portal, managed by the Ministry of Commerce and Industry or any authorised body overseeing ICV programs.
Step 4: Submit Application
Complete the application by filling out the required forms, providing accurate company data related to local economic contributions, and submitting the gathered documents.
Step 5: Audit and Evaluation
The application will be reviewed, and an audit may be conducted to assess your company’s contribution to the local economy regarding employment, local purchases, and services.
Step 6: Receive the ICV Certificate
Once evaluated, successful applicants will receive the ICV certificate Qatar. It can be used to participate in tenders and projects prioritising local content.
Read Also: ICV Certification in UAE
ICV certificate Qatar cost
The cost of an In-Country Value (ICV) certificate in Qatar can vary depending on several factors, such as the issuing authority and any additional services you might need. Generally, the fees range from QAR 5,000* to QAR 10,000*. It’s best to check with the specific issuing body or service provider for the most accurate and updated pricing.
How Can Shuraa Tax Help?
We hope this blog on obtaining an ICV certificate in Qatar has been helpful. For any tax-related inquiries, feel free to connect with our expert Shuraa Tax team. We specialise in a range of services, including:
- Accounting and Bookkeeping
- VAT Consultancy
- UAE Corporate Tax
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Contact us today at +971 50 891 2062 or email us at info@shuraatax.com. We’re here to assist you!
FAQs
Q1. What are ICV certification services in Qatar?
ICV certification services in Qatar verify the In-Country Value generated by businesses operating there.
Q2. Who are the ICV certificate providers in Qatar?
Several accredited ICV certificate providers in Qatar offer certification services to businesses seeking to verify their In-Country Value.
Q3. What is ICV certificate Qatar validity?
The ICV certificate in Qatar is typically valid for one year from the issue date.
