ICV Supplier Certification Guidelines MOIAT

MOIAT Classification: Internal
Ministry of Industry & Advanced

Technology
National In-Country Value (ICV)
Certification Guidelines for Suppliers
Ministry of Industry & Advanced
Technology
National In-Country Value (ICV)
Ministry of Industry
Certification & Advanced
Guidelines for Suppliers
Technology National In-Country Value
(ICV) Certification Guidelines for Suppliers
June 2021
CONTENTS
01 INTRODUCTION 03
02 DEFINITIONS 04
03 GENERAL INSTRUCTIONS 04
04 ICV CALCULATION FORMULA 07
05 ICV TEMPLATE INSTRUCTIONS 09
5.1 ICV Summary 09
5.2 General Questionnaire 11
5.3 Good Manufacturing 11
5.4 Third Party Cost 14
5.5 Investment 18
5.6 Emiratization 19
5.7 Expat Contribution 21
5.8 Revenue 22
5.9 Bonus 23
FINAL CHECKS BY SUPPLIER 25

06
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01
INTRODUCTION
The National In-Country Value Program (ICV) aims to enable the Ministry of Industry and Advanced
Technology to improve the performance and sustainability of the industrial sector, by increasing
the contribution of local industries and supporting local companies and their important role in
advancing economic and social development as well as contributing to the growth of the country's
GDP.
The National ICV is a certificate issued to suppliers in which their contribution to the local economy
is evaluated. The certified suppliers are then given an advantage during the award of contracts and
purchases based on their ICV score.
 The effect of implementing the program will be as follows:

1. Strategic localization of supply chains and the development of new local industries and services.
2. Stimulating and attracting investments, diversifying the economy, and increasing GDP and exports.
3. Creating job opportunities for Emiratis in the private sector.
The program will contribute to the growth of local industries through initiatives that aim to reduce
dependence on imports including financing incentives that will be declared in the future.
The program captures the total amounts spent inside the country on manufacturing, local products
and services, investments, and the hiring and development of Emiratis. It aims to support the
national industry and redirect amounts spent in procuring goods and services towards the national
economy.
 The Ministry decided to implement this project at a national level and increase the
number of participating entities, due to the positive impact expected from
implementation including:
 Enhancing the environment for doing business in the industrial sector.
 Increasing investments in industrial activities to achieve comprehensive economic growth in

GDP.
 Promoting industry based on knowledge, innovation and advanced technology.
 Increasing the percentage of industrial projects and national companies benefiting from
government procurement tenders and contracts to stimulate the profitability of industrial
investments.
 Increasing the percentage of national industrial entrepreneurship projects and the percentage of
national talent working in this sector.
 Maximizing the percentage of local purchases and contributing to the development of the industrial
sectors within the country and creating new investment opportunities.
 Motivating institutions and companies to develop plans, mechanisms and programs to improve
their performance and participation in achieving national value requirements.
 The calculation details are explained in the subsequent pages.
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02
DEFINITIONS
a. Participating Entities – All the entities who have implemented the In Country Value (ICV) program
jointly are referred to as “Participating Entities”.
b. Supplier(s) – The Company who wishes to acquire an ICV certificate.
c. Certifying Body – A Company who has been authorized by the Participating Entities for verification of
Suppliers’ ICV certificate application and issues the ICV certificate.
d. Audited Financial Statements -Supplier's financial statement that has been prepared and audited by
an independent certified public accountant in accordance with IFRS (International Financial Reporting
Standards).
e. ICV Certificate Template – means the template which the Supplier fills to calculate the ICV score as
per predetermined formula.
03
GENERAL INSTRUCTIONS
a. ICV certificate shall be obtained for each legal entity of the Supplier, which intends to be certified.
Each license of a Company is considered as an independent legal entity even if the ownership is
the same. However, if a Company has different branches in the same Emirate with identical
activities and ownership listed on the licenses, then one combined ICV certificate will be issued for
the Company in that Emirate.
b. All figures entered in the ICV certificate template should tally with Supplier’s latest audited
Financial Statements. The audited financial statements shall be as per the International Financial
Reporting Standards (IFRS), and shall not be older than 2 years from the certification year i.e. for
ICV certification in 2020, the audited financial statements to be considered shall not be older than
2018. For newly established Companies (less than 10 months old), who do not have audited
financial statements, the Management Accounts for a period of up to 9 months can be used for
ICV calculations. Any management accounts greater than 9 months will be required to be audited.
c. The ICV certificate shall be valid for a period of 14 months from the date of issuance of Audited
Financial Statements. Supplier can get recertified during the validity of the ICV certificate if he
chooses to, using the same audited financial statements, but the validity of 14 months from the
first issue will remain.
d. Upon appointing an Empaneled Certifying Body, Supplier shall not change the Empaneled
Certifying Body for that year’s ICV certificate without proper justifications.
e. The figures reported in the ICV Certificate Template should relate to the figures in Supplier’s
Audited Financial Statements or from the supporting documents used to generate the Audited
Financial Statements. The different scenarios with respect to the consideration of Audited
Financial Statements are as per the flow chart (Annexure-1) attached to these guidelines.
f. Supplier’s submission shall consider all Supplier’s costs incurred and revenue earned during the
financial year.
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g. The cost figures shall be in AED in the ICV Certificate Template unless specified otherwise. For
currency conversions, the following shall be considered:
 1 USD = 3.6725 AED
 Other currency conversion shall be done based on the prevailing rate on the
Purchase Order for goods/services.
h. In case the supplier is unable to provide the consumption details (listing by vendor and by invoice),
purchases made during the year can be considered. In such a case, the differential of opening and
closing stock should be adjusted as “others” to tie it back to consumption figure in the books of
accounts. The “others” shall then be split into the same ratio of ‘total inside UAE costs’ and ‘total
outside UAE costs’.
i. Suppliers with Industrial License activities are also required to submit an annual consumption in
units (e.g. kWh, cubic meters m3,) for Electricity and Gas.
j. Assumptions and calculation methodologies utilized in preparing the ICV Certificate Template shall
be consistent with these guidelines.
k. Supplier shall have all documentation supporting the reported cost figures. The numbers will need
to stand up to scrutiny by the Certification Body. The designated personnel representing the
Participating Entities have the right to conduct a quality review of each of the Certification Bodies’
ICV engagements and review reports prepared by them. Suppliers and Certification Bodies shall
share the required information with designated personnel whenever required.
l. Any gross negligence or willful default by Suppliers in their submissions will result in appropriate
punitive measures including being banned from participating in business with Participating Entities.
m. Supplier shall strictly follow the ICV Certificate Template which can be downloaded from
https://moiat.gov.ae/en/icv/information-for-suppliers to generate their ICV score / certificate.
Supplier shall fill out the figures and other details, in the non-shaded areas of the template.
n. For the purpose of Supplier’s ICV calculations, the following shall be considered for different types
of Companies:
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Type of Company Consideration for ICV
LLC in main land UAE Within UAE

(Limited Liability Company)
Goods Manufacturer - Within UAE

Free Zone companies Service Providers- All attributes except
Investment will be considered within UAE
Offshore Company Outside UAE
Representative Office Based on parent company
Branch Office in main land UAE Within UAE
o. Suppliers are encouraged to amend their existing trial balance codes appropriately to separately
capture specific costs required by ICV. This ensures that certification is smooth and cost effective
for future years. For example, Suppliers could have a separate code for Emirati payroll costs,
training costs, manufacturing costs – overseas, etc.
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04
ICV CALCULATION FORMULA
 Supplier shall register in the Tawteen club portal

https://www.mohre.gov.ae/en/tawteen-gate.aspx which is a platform for Emirati
job seekers and companies offering jobs. Below are the components of ICV
CALCULATION FORMULA:
a. Goods Manufacturer – Supplier who manufactures and supplies a finished

product to an external customer. A Supplier holding the Industrial License in UAE
shall be considered as Goods Manufacturer. For a Supplier who is a Goods
Manufacturer, the following attributes will be considered:
1. Goods Manufacture cost

2. Investment in UAE
3. Emiratization,
4. Expatriate contribution
5. Bonus – Revenue from outside UAE, Emirati Head counts & Investment Growth
b. Service Provider – Any Supplier who is not a Goods Manufacturer is considered

as “Service Provider”. A Supplier who has a license other than “Industrial
License” shall be considered as Service Provider. For a Supplier who is a Service
Provider, the following attributes will be considered:
1. Third Party Spend cost

2. Investment in UAE
3. Emiratization,
4. Expatriate contribution
5. Bonus – Revenue from outside UAE, Emirati Head counts & Investment Growth
c. A Supplier who is an Agent / Trader will be considered as “Service Provider”.

However, an Agent trading exclusively only one principal Goods Manufacturer in
UAE shall be considered as Goods Manufacturer.
d. The formula for calculation of ICV score along with the weightage for each of the
attributes is detailed below:
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e. The ICV Certificate Template consists of a Microsoft Excel file with tabs
dedicated to each of these attributes, wherein the Supplier has to fill the figures
from the Audited Financial Statements as explained in subsequent pages of
these guidelines.
f. Throughout these Supplier guidelines, the page number headings correspond

to the separate tabs which have been incorporated into the “ICV Certificate
Template” that is used to calculate the ICV% of Supplier.
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05
ICV TEMPLATE INSTRUCTIONS
5.1 ICV Summary
Page-1
Applicability – Applicable for all Suppliers
ICV Summary
The Supplier is required to fill the following:
Section A – Company General Information

An extract of the Company General Information section of the ICV Certificate Template
is shown below:
Supplier is required to add the following details in the template:
1. Name as per License – name of the Supplier as mentioned in License

2. License Number
3. Address as per License
4. Contact Person details:
o Name
o E-mail
o Office Tel number
o Mobile number
5. Company Type - choose the appropriate type from the drop-down list:
o Small Medium Enterprises (SME) in UAE
o Non-SME in UAE
o International Company
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For selection of SME/Non-SME, please be guided by as per SME definition in

website of National Program for Small and Medium Enterprises and Projects
(https://www.uaesme.ae/About/SMEDefinition).
6. Company based in - choose the appropriate type from the drop-down list:
o Within UAE
o Outside UAE
Note – Goods Manufacturers in Free Zone should choose “Within UAE” and Service Providers
in Free Zone should choose “Outside UAE”
7. Financial Year End Date – Supplier shall fill the end date of the Financial year based
on which the ICV certification is being applied for. An ICV certificate cannot be
issued 2 years after this date. The date shall be entered in (mm/dd/yyyy) format.
8. Audited Financial Statements Issue date – Supplier to enter the date of issuance of
the Audited Financial Statements. The ICV certificate will be valid for 14 months from
this date. The date shall be entered in (mm/dd/yyyy) format.
9. Company Business - choose the appropriate type from the drop down list:
o Goods Manufacturer
o Service Provider
(Refer to section 3. a and 3.b above for guidance)
Section B – In-Country Value details

This Section is protected and Supplier shall not enter any information in this Section.
The results are auto-calculated based on the figures entered by the Supplier in subsequent
tabs (Page 2 through Page 7)
The validity date of the ICV score is auto calculated as per Section 3.c) of these guidelines.
This page shall bear the e-signature of Suppliers’ Power of Attorney or any senior /
authorized signatory Company stamp and date; and Certifying Body representative’s e-
signature, Designation, Company Stamp and date.
This Page duly e-signed by the Supplier’s POA or authorized executive and Empanelled
Certifying Body representative shall be considered as Supplier’s Company ICV Certificate.
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5.2 GENERAL QUESTIOMNAIRE
Applicability – Applicable for all Suppliers Page-1 A General

Questionnaire
 All Suppliers shall fill in the general questionnaire based on the reported financial year.
 The details provided in the general questionnaire are only for Participating Entities’
information and will not affect the ICV score calculations.
5.3 GOOD MANUFACTURING
Page-2
Applicability – Applicable only for Goods Manufacturers Goods
Manufacturing
Supplier shall fill the following:
1. Goods Description
Supplier has to list all Goods manufactured by Supplier in the latest audited financial year, in
broad categories. If there are multiple goods falling under same or similar category, these can
be combined together as one-line item in the template.
Note - Training cost for Employees shall not be included in the Third Party Spend (shall
be included in Emiratization or Expat tabs)
2. Total cost
Supplier shall provide the breakdown of total cost for each goods listed in the table. The
breakdown shall be as follows:
Level -1
 Total cost will be split into:

o Within UAE cost – All costs incurred within UAE
o Outside UAE cost – All costs incurred outside UAE
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Level -2
 “Within UAE” & “Outside UAE” cost shall be further split into:
 Third Party Cost – All cost paid to third party companies
3. Internal Cost – Only Depreciation / Amortization cost of Assets to be considered
Level -3
 Third party cost under “Within UAE” - This shall be further split into:
 Goods Manufacturer – Company holding Industrial license

1. Supplier shall enter the name of the Manufacturer, Location of the Manufacturer
(one of the seven Emirates in UAE) and the cost of purchases from the
Manufacturer.
2. The cost of purchases from UAE Manufacturer will be considered as 100%

incurred ‘within UAE’
 Service Provider – Company holding a license other than Industrial

license.
1. Supplier to enter the name of the Agent/Service Provider, Location of the Service
Provider (one of the seven Emirates in UAE), cost of purchases and ICV% of the
Service Provider.
2. In case of “Within UAE” cost will be calculated by multiplying cost of purchases

from the Agent/Service Provider with ‘50%’ or ‘ICV% of the Agent/Service
Provider’, whichever is higher.
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 For Third party Service Providers for Utility and other Services in UAE, the
following shall be considered:
Services ICV%
Water / Electricity 80%
Fuel ICV of the provider
Rent paid for Property/Land from individuals or Companies 80%
Telecom Providers As per the ICV of the

provider
UAE Government charges – Directly paid to Government or through 100%

Government licensed entities
Payment to Governmental Free Zone authorities in UAE 100%
Third Party cost under “Outside UAE”:
In this Section, Supplier shall provide the name of the Manufacturer/ Agent/ Service
Provider, cost of purchases and ICV% of the Manufacturer/ Agent/Service Provider.
4. The following shall not be included as part of the costs:

o Management Fee
o Sponsorship fees
o Governmental Fines / Penalties
o Charity amount/ expenses for Corporate Social Responsibility
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5. While considering the vendors from Free Zone, the following shall be
noted:
o “Goods Manufacturers” based in Free Zone will be considered as “Within

UAE”
o “Service Providers” based in Free Zone will be considered as “Outside

UAE”
6. ICV Calculation
The ICV is calculated as follows:
(Total ICV value) + Emirati cost (Page-5) + 0.6 x Expat cost (Page-6)
--------------------------------------------------------------------------------------------------- x 0.5
(Total Cost) #
Note – (#) – Total Cost includes all cost except the items mentioned in (4) above and shall
be calculated from total cost in Page 2 (Goods Manufacturing), Page 5 (Emiratization) and
Page 6 (Expat contribution)
5.4 Third Party Cost
Page-3
Applicability – Applicable only for Service Providers
Third Party Cost
An extract of the ICV Certificate Template is shown below:
a. Goods/Services Description
o Supplier has to list out all the Goods/Services procured by him in the previous
financial year in broad categories. If there are multiple goods falling under same or
similar category, it can be combined together as one-line item in the template. For
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example – different specifications of valves procured could be combined as one-line

item titled “Valves”.
Note - Training cost for Employees shall not be included in the Third Party Spend
(same to be included in Emiratization or Expat tabs)
b. Supplier Name
o Supplier shall indicate the “Vendor name” who has supplied the goods
c. Cost of Goods purchased
o Supplier shall provide the Cost of Goods (Cost of Sales) purchased from the
Vendor.
d. Vendor ICV%
o Supplier shall indicate the ICV% of the Vendors. This should be backed up with
ICV certificates of Vendors issued by one of the Empanelled Certifying bodies.
For the purpose of ICV calculation only, a vendor who is based in UAE mainland
will be automatically granted 10% ICV score. For all other vendors, the ICV score
shall be considered as zero (0) if they do not have valid ICV certificate.
o All operating costs like Water / Electricity, Fuel, Rentals of property/equipment,

Telecom and Government charges shall be considered in the Third Party spend.
Vendors from whom such services are procured will have their ICV’s as under:
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Services ICV%
Water / Electricity 80%
Fuel ICV of the

provider
Rent paid for Property/Land from individuals or Companies 80%
Telecom Providers As per the ICV

of the provider
UAE Government charges – Directly paid to Government or through 100%

Government licensed entities
Payment to Governmental Free Zone authorities in UAE 100%
e. While considering the vendors from Free Zone, following to be noted:
o “Goods Manufacturers” based in Free Zone will be considered as “Within UAE”
o “Service Providers” based in Free Zone will be considered as “Outside UAE”
f. The following shall not be included as part of the costs:
o Management Fee
o Sponsorship fees
o Penalties
o Charity amount/ expenses for Corporate Social Responsibility
g. Depreciation/ Amortization cost of Assets can be considered in the table with

100% ICV
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h. ICV Calculation
[Goods/Services 1 x ICV% of Vendor 1 + Goods/Services 2 x ICV% of

Vendor 2 +Goods/Services 3 x ICV% of Vendor 3 + … Goods/Services n
x ICV % of Vendor n] (Page -3) + Emirati cost (Page-5) + 0.6 x Expat cost
(Page-6)
----------------------------------------------------------------------------------------------------- x 0.5
(Total Cost) #
Note – (#) – Total Costs include all cost excluding the items mentioned in (f) above
and calculated from total costs in Page 3 (Third Party Spend), Page 5
(Emiratization) and Page 6 (Expat contribution)
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5.5 Investment
Page-4
Applicability– Applicable for all Suppliers Investment
a. Supplier shall fill the UAE Assets Net Book Value (AED) in the previous
Financial Year. This figure is used to calculate the Investment Growth bonus.
b. Owned Assets Description
Fixed Assets owned by Supplier as per the Audited Financial Statements along with the
location (i.e., Inside UAE or Outside UAE) shall be reflected in Page – 4.
Fixed Assets will include the following categories:
1. Property, Plant and Equipment (including any ERP costs)

2. For IT companies, software development costs will also be included
3. Capital Work in progress
4. Investment Property
All other intangibles shall be excluded from investments
The investments outside the UAE shall also be reflected appropriately in the ICV
Certificate Template.
In case Supplier has revalued their Property, Plant and Equipment, the value of the
Property, Plant and Equipment shall be reduced by the extent of the balance in the
revaluation reserve at the Balance Sheet date.
c. Net Book Value
For all the assets listed, Supplier shall provide the Net Book Value as per the Audited
Financial Statements.
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d. Location
Supplier shall select one of the locations from the value list – “Inside UAE” or “Outside
UAE”
e. ICV Calculation:
The ICV is calculated as follows:
Net Book Value of Assets in UAE

------------------------------------------------- x 0.1 (weightage 10%)
Net Book Value of Total Assets
plus
15% on progressive basis from Asset NBV of AED 5 Million to AED 150 Million.
5.6 Emiratization
Page-5
Applicability – Applicable for all Suppliers Emiratization
a. Supplier shall fill the following for direct staff Emiratis, who are on Supplier’s
payroll:
1. Number - Average Number of Emirati employees in Supplier’s payroll (Wage Protection

System –“WPS” where applicable) in the year as per Ministry of Human Resources
and Emiratization (MOHRE) statistical report. Where statistical report is not available,
consider the employees as per salary transferred documents.
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2. Annual Salary + Benefits (AED) - Salary + Benefits as per the Financial Statements
(includes all benefits paid to direct Emirati staff including salaries, allowances and other
benefits). Only salary and benefits of those Emiratis who are included in the Wage
Protection System (WPS) shall be considered in ICV. Benefit for Emiratis working
abroad will also be considered as Emiratization Benefit.
3. Donations to Sondoq Al Watan / Government Universities (AED) - Donations made to

Sondoq Al Watan or any of the universities listed in
https://www.adek.gov.ae/en/Education-System/Higher-Education/List-of-Higher-
Education-Institutions-in-Abu-Dhabi: One Third (1/3) of the donations made to these
universities will be eligible for the benefit in Emiratization. Remaining portion will not
be included in the template cost and will be treated as reconciliation cost to the audited
financials.
4. Annual Training Expenditure (AED) - Training Expenditure (includes spend by Supplier

on external training provided to direct Emirati staff. Cost incurred on internal training
courses shall not be included). External Training Costs incurred overseas will also be
eligible for the benefit. Only expenditure included in Audited Financial Statements shall
be considered for ICV.
b. Any sponsorship / management fees paid to Emiratis outside of WPS shall

not be considered.
c. Salary of Emirati owners of the Company (as per ownership in the License)
who are part of the WPS can be included, however it shall be capped to a
total of AED 200,000/- monthly per owner. Bonuses or other benefits shall be
excluded from the calculations.
d. Free Zone companies who are not registered in the WPS system, shall
provide documentary evidence from Free Zone authority on the details of
employees, in order to consider the number and salary / benefits in the
calculations.
e. ICV Calculation:
With regards to Annual Salary, benefits & training for total Emirati employees, the ICV
is calculated as follows:
Up to 200K AED – 2%
and
Progressive up to 20 M AED Annual Salary – 15%
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5.7 Expat Contribution
Page-6
Applicability – Applicable for all Suppliers Expat Contribution
An extract of the ICV Certificate Template is shown below :
a. Supplier shall fill the following for direct staff Expats, who are on Supplier’s
payroll:
1. Average Number of Expatriate employees in Supplier’s payroll (Wage Protection

System - WPS where applicable) in UAE in the year as per Ministry of Human
Resources and Emiratization (MOHRE) statistical report. Where statistical report is not
available, consider the employees as per salary transferred documents.
2. Salary + Benefits (includes all benefits paid to direct Expatriate staff including salaries,
allowances and other benefits) included in Audited Financial Statements. Only salary
and benefits of those Expats who are included in the Wage Protection System (WPS)
shall be considered in the ICV.
3. Training Expenditure (includes spend by Supplier on external training provided to direct

Expatriate staff. Cost incurred on internal training courses shall not be included). Only
expenditure included in Audited Financial Statements shall be considered for ICV.
b. Free Zone companies who are not registered in the WPS system, shall provide
documentary evidence from Free Zone authority on the details of employees,
in order to consider the number and salary / benefits in the calculations.
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c. ICV Calculation:
The ICV for Expat contribution is calculated as follows:
Number of Expats ICV %
1 to 5 1 to 3%
6 to 50 4 to 6 %
51 to 200 7 to 9%
Above 200 10%
5.8 Revenue
Page-7
Applicability – Applicable for all Suppliers Revenue
a. Supplier needs to indicate the Revenue “from UAE Customers” and “from
Outside UAE Customers” in AED.
b. Revenue from Free Zone companies will be considered as “from UAE

Customers”.
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c. With regards to “from Outside UAE Customers”, Supplier shall provider the
breakdown as follows:
1. Re-Exports – Revenue earned from re-exports i.e., when the imported goods are
sold to outside UAE customers without any “value addition”
2. Exports excluding Re-exports – Revenue earned from outside customers after

value addition within UAE by Supplier.
5.9 Bonus
Bonus (maximum
Applicability – Applicable for all Suppliers up to 5%)
Supplier’s eligibility for bonus shall be calculated as follows:
a. Revenue from outside UAE
Only Supplier’s legal entities who are based in UAE are eligible for this
bonus:
Total Annual Revenue from outside UAE customers excluding Re-exports

----------------------------------------------------------------------------------------------------- x 5%
Total Annual revenue (from inside + outside UAE)
Note- The revenue earned from outside UAE - without any value addition; shall
not be considered in bonus. Trading and commission earnings by agencies shall
not be considered as revenue from outside UAE.
The revenue from outside UAE shall be considered only when the payment is received
by the Supplier from outside UAE.
b. Emirati Head count
Number of Emiratis who are enrolled in the WPS will be considered for bonus. It is
calculated as follows:
Number of Emiratis /100 x 5%
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c. Investment Growth
Growth % in Net Book value of Assets in last two Financial Years (current Audited
Financial Statements versus Audited Financial Statements of previous year) is
included in bonus. The formula is as under:
(Net Book value of UAE Assets in current FS - Net Book value of

UAE Assets in audited Financial Statements of previous year)
---------------------------------------------------------------------------------------------- X 5%
Net Book value of UAE Assets in audited Financial Statements of
previous year
The total of all components - (a) Revenue from outside UAE Bonus, (b) Emirati
Headcount and (c) Investment Growth shall not exceed 5%.
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06
FINAL CHECKS BY SUPPLIER
 After filling in the templates, Supplier shall verify all details and ensure
alignment with Supplier’s Audited Financial Statements.
1. It is recommended that Suppliers engage their Finance and other concerned

staff to verify the figures.
2. In case of any queries, email can be sent to ICV@moiat.gov.ae.
 The certificate when:
1. duly e-signed and stamped by the company’s Power of Attorney or senior /

authorized signatory
And
2. duly verified and endorsed by one of the ICV Empaneled Certifying Bodies.
becomes the ICV certificate valid till the date mentioned in the ICV certificate.
| 25 |
Annexure - 1
Legal entity requesting for ICV certificate
Audited
YES financial
NO
statement
available for
the entity
Proceed
with ICV YES NO
Entity has a
certification parent
company?
Consolidate ICV
YES financial NO certification
statement
available cannot
parent
company
proceed
Level?
Proceed Segregate ICV

with ICV finance certification
certification figures for cannot
legal entity proceed
| 26 |

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MOIAT Classification: Internal

Ministry of Industry & Advanced

04 ICV CALCULATION FORMULA 07

05 ICV TEMPLATE INSTRUCTIONS 09

5.1 ICV Summary 09

5.2 General Questionnaire 11

5.3 Good Manufacturing 11

5.4 Third Party Cost 14

5.7 Expat Contribution 21

FINAL CHECKS BY SUPPLIER 25

 The effect of implementing the program will be as follows:

 Increasing investments in industrial activities to achieve comprehensive economic growth in

 Promoting industry based on knowledge, innovation and advanced technology.

 The calculation details are explained in the subsequent pages.

b. Supplier(s) – The Company who wishes to acquire an ICV certificate.

Type of Company Consideration for ICV

LLC in main land UAE Within UAE

Goods Manufacturer - Within UAE

Offshore Company Outside UAE

Representative Office Based on parent company

Branch Office in main land UAE Within UAE

 Supplier shall register in the Tawteen club portal

a. Goods Manufacturer – Supplier who manufactures and supplies a finished

1. Goods Manufacture cost

b. Service Provider – Any Supplier who is not a Goods Manufacturer is considered

1. Third Party Spend cost

c. A Supplier who is an Agent / Trader will be considered as “Service Provider”.

f. Throughout these Supplier guidelines, the page number headings correspond

5.1 ICV Summary

The Supplier is required to fill the following:

Section A – Company General Information

Supplier is required to add the following details in the template:

1. Name as per License – name of the Supplier as mentioned in License

For selection of SME/Non-SME, please be guided by as per SME definition in

(Refer to section 3. a and 3.b above for guidance)

Section B – In-Country Value details

5.2 GENERAL QUESTIOMNAIRE

Applicability – Applicable for all Suppliers Page-1 A General

5.3 GOOD MANUFACTURING

Supplier shall fill the following:

 Total cost will be split into:

3. Internal Cost – Only Depreciation / Amortization cost of Assets to be considered

 Goods Manufacturer – Company holding Industrial license

2. The cost of purchases from UAE Manufacturer will be considered as 100%

 Service Provider – Company holding a license other than Industrial

2. In case of “Within UAE” cost will be calculated by multiplying cost of purchases

Water / Electricity 80%

Fuel ICV of the provider

Rent paid for Property/Land from individuals or Companies 80%

Telecom Providers As per the ICV of the

UAE Government charges – Directly paid to Government or through 100%

Payment to Governmental Free Zone authorities in UAE 100%

Third Party cost under “Outside UAE”:

4. The following shall not be included as part of the costs:

o “Goods Manufacturers” based in Free Zone will be considered as “Within

o “Service Providers” based in Free Zone will be considered as “Outside

The ICV is calculated as follows:

5.4 Third Party Cost

An extract of the ICV Certificate Template is shown below: