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Information-for-Suppliers-2

Information for Suppliers

Home / ICV / Information for Suppliers /

Formula

ICV Formula

The ICV-certifying bodies that issue certificates to suppliers will use the below formula to evaluate their eligibility, issue ICV certificates and calculate their score.

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Goods Manufacturer ICV Formula

Manufacturing Cost Investment Emiratization Expat Contribution ICV Bonus Advanced Technology & Sustainability Bonus
50% 25% 15% 10% 5% 6%

(Manufacturing cost incured in UAE + Emirati Cost + 60% of Expat Cost)

 

(Total Cost)
10%

(Net Book Value of Assets in UAE)

 

Net Book Value of Total Assets
2%
Up to AED 200K Salary, Training, benefits
1 to 3%

1 to 5 employees
4 to 6%

6 to 50 employees

Total Annual Revenue from outside UAE (Excluding Re-exports)

 

Total Annual Revenue

No. of Emiratis

 

100

Growth in Net Book Value of Assets

 

Previous Year Net Book Value of Assets
Up to 5%

Manufacturers can increase their ICV score by up to 5 percent by participating in the Industrial Technology Transformation Index (ITTI)

Apply now through Industrial Technology Transformation Index (moiat.gov.ae)
1% Any of the following certifications/labels:
  • ISO 14001
  • ISO 14046
  • ISO 50001
  • Green Industries Label
15% Progressive

AED, Million 5 to 50 = 5%

AED, Million 51 to 100 = 5%

AED, Million 101 to 150 = 5%
2-15% Progressive
Above AED 200K to 20M Salary, Training, benefits
7 to 9%

51 to 200 employees
10%

Above 200 employees
Manufacturing Cost
50%

(Manufacturing cost incured in UAE + Emirati Cost + 60% of Expat Cost)

 

(Total Cost)
Investment
25%
10%

(Net Book Value of Assets in UAE)

 

Net Book Value of Total Assets
15% Progressive

AED, Million 5 to 50 = 5%

 

AED, Million 51 to 100 = 5%

 

AED, Million 101 to 150 = 5%
Emiratization
15%
2%
Up to AED 200K Salary, Training, benefits
2-15% Progressive
Above AED 200K to 20M Salary, Training, benefits
Expat Contribution
10%
1 to 3%

1 to 5 employees
4 to 6%

6 to 50 employees
7 to 9%

51 to 200 employees
10%

above 200 employees
ICV Bonus
5%

Total Annual Revenue from outside UAE (Excluding Re-exports)

 

Total Annual Revenue

No. of Emiratis

 

100

Growth in Net Book Value of Assets

 

Previous Year Net Book Value of Assets
Advanced Technology & Sustainability Bonus
6%
Up to 5%

Manufacturers can increase their ICV score by up to 5 percent by participating in the Industrial Technology Transformation Index (ITTI)

Apply now through Industrial Technology Transformation Index (moiat.gov.ae)
1%

Any of the following certifications/labels:

  • ISO 14001
  • ISO 14046
  • ISO 50001
  • Green Industries Label

Service Provider ICV Formula

Third Party Spend Investment Emiratization Expat Contribution ICV Bonus Sustainability Bonus
50% 25% 15% 10% 5% 3%

((Value of Purchase x ICV of supplier) + Emirati Cost + 60% of Expat Cost)

 

(Total Cost)
10%

(Net Book Value of Assets in UAE)

 

Net Book Value of Total Assets
2%
Up to AED 200K Salary, Training, benefits
1 to 3%

1 to 5 employees
4 to 6%

6 to 50 employees

Total Annual Revenue from outside UAE (Excluding Re-exports)

 

Total Annual Revenue

No. of Emiratis

 

100

Growth in Net Book Value of Assets

 

Previous Year Net Book Value of Assets
2% (0.5% Each)

Implementation of Policies related to:

  • Sustainability Strategy and Governance
  • Material Circularity
  • Water and Wastewater Management
  • Emission Management
1%

Any of the following certifications:

  • ISO 14001
  • ISO 14046
  • ISO 50001
15% Progressive

AED, Million 5 to 50 = 5%

AED, Million 51 to 100 = 5%

AED, Million 101 to 150 = 5%
2-15% Progressive
Above AED 200K to 20M Salary, Training, benefits
7 to 9%

51 to 200 employees
10%

Above 200 employees
Third Party Spend
50%

((Value of Purchase x ICV of supplier) + Emirati Cost + 60% of Expat Cost)

 

(Total Cost)
Investment
25%
10%

(Net Book Value of Assets in UAE)

 

Net Book Value of Total Assets
15% Progressive

AED, Million 5 to 50 = 5%

 

AED, Million 51 to 100 = 5%

 

AED, Million 101 to 150 = 5%
Emiratization
15%
2%
Up to AED 200K Salary, Training, benefits
2-15% Progressive
Above AED 200K to 20M Salary, Training, benefits
Expat Contribution
10%
1 to 3%

1 to 5 employees
4 to 6%

6 to 50 employees
7 to 9%

51 to 200 employees
10%

above 200 employees
ICV Bonus
5%

Total Annual Revenue from outside UAE (Excluding Re-exports)

 

Total Annual Revenue

No. of Emiratis

 

100

Growth in Net Book Value of Assets

 

Previous Year Net Book Value of Assets
Sustainability Bonus
3%
2% (0.5% each)

Implementation of Policies related to:

  • Sustainability Strategy and Governance
  • Material Circularity
  • Water and Wastewater Management
  • Emission Management
1%

Any of the following certifications:

  • ISO 14001
  • ISO 14046
  • ISO 50001

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