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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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Manufacturing Cost & Third Party Spend Investment Emiratization Expat Contribution Bonus
50% 25% 15% 10% 5%
Manufacturers

(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 Revenue from outside UAE

 

Total Annual Revenue from UAE (Excluding Re-exports)

No. of Emiratis

 

100

Growth in NBV

 

Original NBV
Service Providers

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

 

(Total Cost)
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
Manufacturers
Manufacturing Cost & 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 Assets
Emiratization
15%
2%
Up to AED 200K Salary, Training, benefits
Expat Contribution
10%
1 to 3%

1 to 5 employees
4 to 6%

6 to 50 employees
Bonus
5%

Total Revenue from outside UAE

 

Total Annual Revenue from UAE (Excluding Re-exports)

No. of Emiratis

 

100
Service Providers
Manufacturing Cost & Third Party Spend
50%

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

 

(Total Cost)
Investment
25%
15% Progressive

AED, Million 5 to 50 = 5%

AED, Million 5 to 50 = 5%

AED, Million 5 to 50 = 5%
Emiratization
15%
2-15% Progressive
Above AED 200K to 20M Salary, Training, benefits
Expat Contribution
10%
7 to 9%

51 to 200 employees
10%

Above 200
Bonus
5%

Growth in NBV

 

Growth in NBV

No. of Emiratis

 

100

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