Ningbo Bonded Zone
Ningbo Bonded Zone is a Free Zone located in Ningbo, China, established in 1992, with Ningbo Bonded Area Administrative Committee listed as its governing authority.
Key Facts
| Type | Free Zone |
|---|---|
| Location | Ningbo, China |
| Year Established | 1992 |
| Companies | 10,000 |
| Governing Authority | Ningbo Bonded Area Administrative Committee |
Recorded Benefits and Incentives
The zone offers preferential policies such as exemption from licenses, duties, and bonded duties under special customs custody. Companies benefit from duty deferment, allowing imported goods to be stored without immediate payment of duties, taxes, or import fees until they are sold domestically or re-exported. This also leads to simplified customs procedures and faster time-to-market. Additionally, eligible foreign-invested enterprises may receive a reduced corporate income tax rate of 15 percent.
Verify eligibility and current terms with the zone authority.
About Ningbo Bonded Zone
The Ningbo Bonded Zone, initially established in November 1992, has evolved into a key economic area in Zhejiang Province, China. It functions as a comprehensive bonded zone, offering services in import and export processing, international trade, and warehousing and logistics. In 2020, it was integrated into the Zhejiang Free Trade Zone (Ningbo Area) as the Ningbo Beilun Port Comprehensive Bonded Zone, further enhancing its role as a hub for international trade and advanced manufacturing.
Frequently Asked Questions
What type of zone is Ningbo Bonded Zone?
Ningbo Bonded Zone is a Free Zone.
Where is Ningbo Bonded Zone located?
Ningbo Bonded Zone is located in Ningbo, China.
When was Ningbo Bonded Zone established?
Ningbo Bonded Zone was established in 1992.
Which governing authority is listed for Ningbo Bonded Zone?
SEZ Explorer records Ningbo Bonded Area Administrative Committee as the governing authority for Ningbo Bonded Zone. Confirm its current jurisdiction and remit with the authority.
Which benefits and incentives are recorded for Ningbo Bonded Zone?
SEZ Explorer's current record lists: The zone offers preferential policies such as exemption from licenses, duties, and bonded duties under special customs custody. Companies benefit from duty deferment, allowing imported goods to be stored without immediate payment of duties, taxes, or import fees until they are sold domestically or re-exported. This also leads to simplified customs procedures and faster time-to-market. Additionally, eligible... Verify eligibility and current terms with the zone authority.