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 5 to 50 = 5%
		AED, Million 51 to 100 = 5%					Growth in Net Book Value of Assets ------- Previous Year Net Book Value of Assets
		AED, Million 51 to 100 = 5%			10%	Above 200 employees
		AED, Million 101 to 150 = 5%
		AED, Million 101 to 150 = 5%

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 5 to 50 = 5%
		AED, Million 51 to 100 = 5%					Growth in Net Book Value of Assets ------- Previous Year Net Book Value of Assets
		AED, Million 51 to 100 = 5%			10%	Above 200 employees
		AED, Million 101 to 150 = 5%
		AED, Million 101 to 150 = 5%