Ningbo Bonded Zone
Ningbo Bonded Zone is a Free Trade Zone located in Ningbo, China, established in 1992, regulated by the Ningbo Bonded Area Administrative Committee.
Key Facts
| Type | Free Trade Zone |
|---|---|
| Location | Ningbo, China |
| Year Established | 1992 |
| Companies | 10,000 |
| Governing Authority | Ningbo Bonded Area Administrative Committee |
| Status | active |
Investment 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.
Sector Focus
Ningbo Bonded Zone hosts businesses specialising in Logistics and Trade.
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 Trade 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.
Who regulates Ningbo Bonded Zone?
Ningbo Bonded Zone is regulated by the Ningbo Bonded Area Administrative Committee.
What sectors operate in Ningbo Bonded Zone?
Ningbo Bonded Zone hosts businesses in Logistics and Trade.
What are the investment incentives at Ningbo Bonded Zone?
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...