Ningbo Free Trade Zone
Ningbo Free Trade Zone (NFTZ), covering an area of 2.3 square kilometers, was established on Nov. 19, 1992, upon the approval of the State Council of China. With preferential policies of “exempted from duty, bonded duty, exempted from licenses”, NFTZ has main economic functions of export processing, international trade, bonded logistics and commodity exhibition. In China’s Mainland, NFTZ is the area most opened to the outside world, and it is the only free trade zone in Zhejiang Province. As a branch of Ningbo Municipal Government, the Administrative Committee of NFTZ and NEPZ (Ningbo Export Processing Zone) administrates both NFTZ and NEPZ. At present, NFTZ and NEPZ enjoys mutual benefit and integrated development, and has thus become the area with most preferential investment environment and most completed economic functions in China’s Mainland.
After 16 years development, the investment environment of NFTZ has been ever perfected and the regional economy of NFTZ has made rapid progress. Up the end of 2008, more than 6000 enterprises have been registered in NFTZ, among which 930 enterprises are foreign investment with contract investment of USD3.6 billion, and actual input of foreign capital of USD1.6 billion. The total import and export volume reached USD11.4 billion.
NFTZ aims to develop high-tech and modern logistics industry, and has planned Computer Industrial Park, National IC Industrial Park, Information Household Appliance Industrial Park, Ningbo International Software Park, Overseas Scholars Pioneering Park, Precision Machinery Park, and Modern Logistics Park. There has formed an international trade, warehousing and logistics enterprises cluster, IC industrial cluster, computer and software cluster, and NFTZ is becoming an important high-tech industrial and logistics base for import and export in Yangtze River Delta.
To create new opening-up advantages, NFTZ has set up economic and trade center, construction service center, foreign investment service center and human resource service center according to the different characteristics and requirements of phases of project setup, construction and operation. NFTZ also has established service agency system, first-inquired-responsible system, 24-hour service system, and limited time service system to provide enterprises with around-the-clock, all round, and all free service.
NFTZ sticks to the policy of combining development and environmental protection, and has obtained ISO14001 environmental management certificate, besides, it has been entitled as national example zone of ISO14000 in Feb 2006.
Add: 15th floor, NFTZ Mansion, Beilun District, Ningbo. Zip Code: 315800
Tel: 86-574-86886914,86821005 Fax: 86-574-86883518
Email: nftz@nftz.gov.cn Web: www.nftz.com
Development Blueprint 
NFTZ will focus on further prospering regional economy and trade and boosting circumjacent foreign-oriented economy. The specially endowed policies will be fully utilized in a flexible and reasonable manner. In line with market economy and international practice, NFTZ is to conduct extensive and flexible cooperation with overseas investors to achieve developments. Great efforts will be taken to construct such three industrial bases as The Major Producing Bases of IC, Computer and communication network and Information Household Appliance. NFTZ is to be highlighted for its feature of linking home and abroad and is to be developed into one with complete facilities and functions, superb services and fruitful profits.
Key Development Realm
NFTZ encourages overseas investments in international trade, export processing, modern logistics and related service trade.
Key development for international trade: processing trade, entre-pot trade, and general import & export trade.
Key development for warehousing and logistics: development of logistics park, third-side logistics, international transport, warehousing for large volume producing materials, warehousing for import & export commodities and other service trade.
Key development for commodity exhibition: home and overseas commodity exhibition; the commodities can be sold in both overseas and domestic market after the exhibition. ADMINISTRATIVE COMMITTEE OF NINGBO FREE TRADE ZONE
Add: 15th floor, NFTZ Mansion, Beilun District, Ningbo Zip code:315800
Tel: 86-574-86886914,86821005 Fax: 86-574-86883518
Email: nftz@nftz.gov.cn Website: www.nftz.com
Ningbo Export Processing Zone (NEPZ), covering the planning area of 3 square kilometers,
was approved by China State Council and set up on June 2002. The first phase of 2 square kilometers started to run in October of 2003. In compliance with international common practice, NEPZ is being operated in the way of "inside the territory, outside the Customs"and enjoys the special policies of "exempted from duty, bonded duty, and exempted from licenses", as well as tax refunded of domestic material. Customs of NEPZ practices the way of "application, examine and approve in one time"on flowing goods and provides in time services on Customs clearance. NEPZ is one of the special economic areas with the most preferential policies, highest efficient Customs formalities an the most convenient management in China.
NEPZ has a complete infrastructure and utilities. An executive business center and a residential area have been built for the zone and the hardware reaches to a top level all around China. The Administrative Committee of NEPZ can provide enterprises a “one-stop service”combined with some administrative organization such as the Customs, Entry and Exit Quarantine Bureau, Tax Bureau, Industrial & Commercial Administration Bureau, insurance agencies and etc. to provide enterprises with around the clock, all round and all free services.
Ningbo Export Processing Zone has a complete infrastructure and utilities. An executive business center and a residential area have been built for the zone and the hardware reaches to a top level all around China. The Administrative Committee of NEPZ can provides enterprises a “one-stop-service” combined with some administrative organization such as the Customs, China Inspection & Quarantine Bureau, Foreign Exchange Administrative Bureau, Tax Bureau, Commercial & Industry Administrative Bureau and some service provider like finance & insurance sections, agency institutions.
In order to create new advantages for opening-up, according to different requirement and characteristic during different period of project setting up, construction and operation, NEPZ has set up the business service center, the construction service center, the foreign investment service center and the human resources service center, implements the systems such as agency service, first-inquire responsible system, limited time service and etc., to provide enterprises with around the clock, all round and all free service.
NEPZ sticks to the policy of combining development and environmental protection, and has obtained ISO14001environmental management certificate, and has been entitled as national example zone of ISO14000 in Feb 2006. NEPZ has a garden like environment with water, sound, and air conditions all reaching national level one, which provides a first class “Green Platform for high-tech enterprises who have rigid requirement for the environment. NEPZ also provides investors with high standard villas, apartments and dormitories that integrate educations, commerce, medical treatment, and leisure facilities to create a modern living environment.
NEPZ aims to foster the development of export-oriented high-tech industries of semiconductor, electronic information, auto spare parts, precision machinery, bio-pharmacy, fine chemical, value-added industry together with traditional industries like light industry, textile, food processing and etc.
Due to agreeable business environment including exclusive incentives and its geographical location, NEPZ has become a hot spot for foreign investment. Up to 2008, there has been 42 processing trade projects in the area, with a total investment of USD1.433 billion, among which contract foreign capital reached USD806 million, and actual input of foreign capital reached USD304 million. A TFT-LCD industrial chain with Chi Mei as the head has been formed.
Add: 15th floor, NFTZ Mansion, Beilun District, Ningbo Zip Code: 315800
Tel: 86-574-86886914, 86821005 Fax: 86-574-86883518
Email: nftz@nftz.gov.cn Website: www.nftz.com
Ningbo Bonded Logistics Zone
Ningbo Bonded Logistics Zone (NBLZ), with a planned area of 0.95 square kilometers for its phase 1, was established with the approval of the State Council in August 2004. It locates behind the Ningbo Port Phase 4, and its operation was put under the closed administration of the Chinese Customs in August 2005.
Policies in NFTZ can also be applied to NBLZ. As for importation and exportation, domestic merchandize admitted into NBLZ is regarded as exportation according to the policies applied in NEPZ. Therefore, enterprise can claim the tax refund for their merchandise after Customs clearance. Merchandise sold to domestic market should be imposed on tax and declare Customs as imported merchandise. Merchandise within the zone can circulate freely without VAT and consumption tax.
As the special zone under the Customs administration of “inside the territory, outside the Customs”, NBLZ can provide major functions including international transferring, international distribution, international and domestic market and engage in business such as warehousing, circulation processing, distribution, cargo transferring and transferring trade.
Add: 15th floor, NFTZ Mansion, Beilun District, Ningbo Zip Code: 315800
Tel: 86-574-86886914, 86821005 Fax: 86-574-86883518
Email: nftz@nftz.gov.cn Website: www.nftz.com