Social Insurance Service
China's social security law was promulgated by the central government but its administration and specific details are governed by local authorities. It is paid by both employer and employee, and the levels of this payment to the social insurance agencies are connected directly to the employee's salary.
It can be complicated as there is not one steadfast rule for the country. Instead it is governed at a regional level, so depending where your company is based in China you will have differing responsibilities as an employer.
China social insurance not only needs to be set up, but also paid monthly, it may be easier to outsource this task to the local experts at Business China.
China's new Social Insurance Law, which took effect on July 1, 2011, established the first national, basic social insurance framework for employees across mainland China. The law requires that all employers in China enroll each employee in five insurance programs, plus one mandatory housing fund.
Five insurances consist of basic pension; basic medical insurance; work-related injury insurance; unemployment compensation; and maternity insurance.
China's social security law was promulgated by the central government but its administration and specific details are governed by local authorities. It is paid by both employer and employee, and the levels of this payment to the social insurance agencies are connected directly to the employee's salary.
It can be complicated as there is not one steadfast rule for the country. Instead it is governed at a regional level, so depending where your company is based in China you will have differing responsibilities as an employer.
China social insurance not only needs to be set up, but also paid monthly, it may be easier to outsource this task to the local experts at Business China.
You will need the following documents to start:
- Original copy of your company's business license, and a photocopy
- Company chop
- Corporate bank account opening permit
- List of all the employees at your company
- Employees' personal ID or Passport original
Please do feel free to email us to proposal@set-up-company.com or call us to 0086-020-2917 9715 at any time, we love helping new friends. let's get started!
