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 |
| Status | operational |
Recorded Benefits and Incentives
The zone offers preferential policies including exemption from licenses, duties, and bonded duties under special customs custody. Companies can utilize duty deferment, allowing imported goods to be stored without immediate payment of duties, taxes, or import fees until domestic sale or re-export. This facilitates simplified customs procedures. Eligible foreign-invested enterprises may qualify for a reduced corporate income tax rate of 15 percent.
Verify eligibility and current terms with the zone authority.
Recorded Sector Focus
Ningbo Bonded Zone is listed with a sector focus including 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 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 sectors are listed for Ningbo Bonded Zone?
Ningbo Bonded Zone is listed with a sector focus including Logistics and Trade.
Which benefits and incentives are recorded for Ningbo Bonded Zone?
SEZ Explorer's current record lists: The zone offers preferential policies including exemption from licenses, duties, and bonded duties under special customs custody. Companies can utilize duty deferment, allowing imported goods to be stored without immediate payment of duties, taxes, or import fees until domestic sale or re-export. This facilitates simplified customs procedures. Eligible foreign-invested enterprises may qualify for a reduced corporate... Verify eligibility and current terms with the zone authority.