The invention discloses composite coating equipment and a manufacturing method for a neodymium iron boron rare-earth permanent magnetic device. The coating equipment comprises a vacuum chamber, a cylindrical rotary cathode magnetron target, a planar cathode magnetron target, a cylindrical or rectangular cathode multi-arc ion target, an anode layer linear ion source, a rotating stand and a charging basket. When the coating equipment works, the rotating stand revolves in the vacuum chamber, and rotating shafts at two ends of the netlike charging basket are arranged on the rotating stand, namely that the rotating stand rotates automatically along with revolution. The cylindrical rotary cathode magnetron target is arranged in the rotating stand in the vacuum chamber; the planar magnetron target, the multi-arc ion target, the anode layer linear ion source and a heating device are arranged around the rotating stand in the vacuum chamber; a composite coating is divided into three layers, wherein the first layer is a magnetron sputtering coating of which the thickness is 0.1-5mu m, the second layer is a magnetron sputtering and multi-arc mixed coating of which the thickness is 1-15mu m, and the third layer is a magnetron sputtering coating of which the thickness is 0.1-5mu m. The composite coating is used for a surface treatment procedure of the rare-earth permanent magnetic device, so that the corrosion resistance of the rare-earth permanent magnetic device is improved, and the magnetic performance of the rare-earth permanent magnetic device is also improved.