Qatar’s vision for sustainable growth focuses on maximizing the benefits of local resources. A crucial part of this strategy is the implementation of In Country Value (ICV) services to boost the local economy, promote employment, and create opportunities for Qatari businesses.

At HLB AG in Qatar, we offer comprehensive In Country Value (ICV) services in Qatar, ensuring that your business aligns with the nation’s economic goals while achieving its objectives efficiently.

1. What Are In Country Value (ICV) Services?

ICV services help businesses assess and improve their contribution to the local economy, primarily through their ICV score. These services are crucial in sectors like oil and gas, infrastructure and government procurement.

ICV Components Include:

  • Local procurement of goods and services.
  • Employment of Qatari nationals.
  • Investments in local infrastructure and supply chains.

2. The Importance of ICV Services in Qatar’s Economy

Qatar’s government has prioritized the ICV program to:

  • Foster local economic growth.
  • Reduce reliance on imports.
  • Create opportunities for local businesses and workforce.
  • Align with the Qatar National Vision 2030.

Compliance with ICV guidelines allows businesses to establish their commitment to Qatar’s development goals.

 

3. HLB AG’s Expertise in ICV Services in Qatar

At HLB AG, we provide tailored ICV services, from assessment to certification, that help businesses align with Qatar’s economic objectives. Our team of experts ensures accurate compliance, comprehensive reporting, and actionable strategies.

Visit our ICV service page to learn more about how we assist businesses with financial planning and compliance in Qatar.

 

4. Key Components of ICV Compliance and Reporting

1. ICV Certification

  • Preparing and verifying the ICV scorecard.
  • Ensuring compliance with regulatory frameworks.

2. ICV Impact Analysis

  • Analyzing the economic impact of your operations.
  • Highlighting areas for improvement.

3. Customized ICV Strategies

  • Tailored strategies to enhance local value creation.
  • Recommendations on procurement and workforce planning.

4. Regular Reporting

  • Detailed ICV compliance reports for stakeholders and government authorities.

 

5. Benefits of Partnering with HLB AG for ICV Services

We are an authorised ICV certifier empanelled for the purpose of certifying businesses in Qatar under the ICV program. 

1. Expert Compliance Support

Our team ensures your business meets all ICV requirements seamlessly.

2. Improved Local Impact

With our guidance, your business contributes more effectively to Qatar’s economy.

3. Competitive Advantage

Strong ICV compliance improves your reputation and eligibility for government contracts.

4. Data-Driven Insights

We provide actionable insights that help optimize your business operations for greater ICV impact.

 

6. How HLB AG Tailors ICV Strategies for Your Business

We believe that every business is unique. Our approach involves:

  • Understanding your business operations and goals.
  • Identifying areas for improving ICV compliance.
  • Implementing solutions that align with your objectives and Qatar’s vision.

For instance, we’ve helped businesses optimize their procurement processes to maximize local purchases while maintaining cost efficiency.

 

7. Common Challenges in ICV Compliance and Solutions by HLB AG

Challenge 1: Understanding Complex ICV Regulations

  • Solution: HLB AG simplifies regulations and ensures your business complies with ease.

Challenge 2: High Cost of Local Procurement

  • Solution: We identify cost-effective solutions to help you negotiate better deals.

Challenge 3: Achieving ICV Certification

  • Solution: Our experts handle the certification process end-to-end.

 

8. FAQs About ICV Services in Qatar

Q: What is the purpose of ICV services in Qatar?
A: ICV services aim to enhance the local economic impact of businesses by encouraging local procurement, employment, and investment.

Q: How can HLB AG help my business with ICV compliance?
A: HLB AG offers end-to-end support, including certification, reporting, and strategy development tailored to your business needs.

Q: Are ICV services mandatory for all businesses in Qatar?
A: ICV compliance is essential for businesses bidding for government contracts and operating in certain sectors.

 

Partner with HLB AG for Exceptional ICV Compliance

At HLB AG, we are dedicated to supporting your business in creating a positive local impact while meeting Qatar’s ICV requirements. Whether you need expert advice, compliance certification, or strategy development, our experienced team is ready to assist you.

Get in touch with us today at HLB AG to explore how our In Country Value Services in Qatar can drive your business success.