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
Investments
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
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
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

Green Industries Label

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%
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:

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