ICV 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.
Goods Manufacturer ICV Formula
|
Manufacturing Cost
|
Investments
|
Emiratization
|
Expat Contribution
|
ICV Bonus
|
Advanced Technology & Sustainability Bonus
|
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|---|---|---|---|---|---|---|---|---|---|---|
|
50%
|
25%
|
15%
|
10%
|
5%
|
6%
|
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|
(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
|
Total Annual Revenue from outside UAE (Excluding Re-exports)
-------
Total Annual Revenue
|
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) |
|
|
4 to 6%
|
6 to 50 employees
|
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|
No. of Emiratis
-------
100
|
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|
15% Progressive
|
AED, Million 5 to 50 = 5%
|
2-15% Progressive
|
Above AED 200K to 20M Salary, Training, benefits
|
7 to 9%
|
51 to 200 employees
|
1%
|
Any of the following certifications / labels: ISO 14001 ISO 14046 ISO 50001 Green Industries Label |
|||
|
AED, Million 51 to 100 = 5%
|
Growth in Net Book Value of Assets
-------
Previous Year Net Book Value of Assets
|
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|
10%
|
Above 200 employees
|
|||||||||
|
AED, Million 101 to 150 = 5%
|
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Service Provider ICV Formula
|
Third Party Spend
|
Investments
|
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
|
Total Annual Revenue from outside UAE (Excluding Re-exports)
-------
Total Annual Revenue
|
2% (0.5% Each)
|
Implementation of Policies related to:
|
|
|
4 to 6%
|
6 to 50 employees
|
|||||||||
|
No. of Emiratis
-------
100
|
||||||||||
|
15% Progressive
|
AED, Million 5 to 50 = 5%
|
2-15% Progressive
|
Above AED 200K to 20M Salary, Training, benefits
|
7 to 9%
|
51 to 200 employees
|
1%
|
Any of the following certifications / labels: ISO 14001 ISO 14046 ISO 50001 |
|||
|
AED, Million 51 to 100 = 5%
|
Growth in Net Book Value of Assets
-------
Previous Year Net Book Value of Assets
|
|||||||||
|
10%
|
Above 200 employees
|
|||||||||
|
AED, Million 101 to 150 = 5%
|
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