ICV certification, or the In-Country Value certification, is a mandatory requirement for companies operating in Qatar. It is a part of the government’s efforts to encourage economic growth and development within the country. The certification process requires companies to provide specific information to demonstrate their commitment to local sourcing, job creation, and other activities that support the development of the Qatari economy. In this article, we will discuss the information required for In-country value Qatar certification.
-
Company Information The first step in the ICV certification process is to provide information about the company. This includes details such as the company’s name, registration number, and contact information. The company must also provide proof of ownership or registration with the appropriate regulatory authorities.
-
Financial Information The company must provide financial information, including audited financial statements, bank statements, and tax returns. This information helps the certification body to determine the financial health of the company and its ability to fulfill its commitments under the ICV certification program.
-
Local Procurement Information The ICV certification program requires companies to demonstrate their commitment to sourcing goods and services locally. As such, the company must provide information on its local procurement activities, including the percentage of locally sourced goods and services used in their operations.
-
Job Creation Information Another key requirement for ICV certification is the creation of job opportunities for Qatari nationals. The company must provide information on its employment policies and practices, including the number of Qatari nationals employed and the percentage of the company’s workforce that are Qatari nationals.
-
Training and Development Information The ICV certification program also places a strong emphasis on the training and development of Qatari nationals. The company must provide information on its training programs, including the number of Qatari nationals who have benefited from the program, the types of training offered, and the outcomes of the program.
-
Corporate Social Responsibility Information Finally, the ICV certification program requires companies to demonstrate their commitment to corporate social responsibility. This includes information on the company’s environmental policies, community engagement activities, and support for local charitable organizations.
In conclusion, ICV certification is a crucial requirement for companies operating in Qatar. To achieve certification, companies must provide detailed information on their local procurement, job creation, training and development, financials, corporate social responsibility, and other activities. By demonstrating their commitment to these areas, companies can help to promote economic growth and development within the Qatari economy.