Shenzhen WFOE formation service
Hotline: 86-755-82143422, Email: anitayao@citilinkia.com
A Wholly Foreign Owned Enterprise, popularly known as WFOE in China, is a company based in the People’s Republic of China and is entirely owned by foreign investors.
A new rule has taken force on October 15, 2011 concerning the social security of foreign employees which obliged companies to register its employees within 30 days after receiving their work permit. In some of the cities, the social contribution is compulsory whereas in others is optional, such as Shanghai.
Includes foreign staffs employed by Chinese and overseas-funded enterprises, social groups, law firms and foundations registered in China, as well as foreign workers assigned to China by overseas registered companies
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"All foreign employees who work in China for longer than six months must be included in the social security system," According to Xu Yanjun, deputy director of social security center with the Ministry of Human Resources and Social Security.
For salaries higher than RMB 11,688, the social securities figure is 47% x RMB 11,688.
For salaries lower than RMB 11,688, the social securities figure is 47% x Actual Salary.
For example, a China company’s Legal Representative does not have to apply for an employment permit. According to our resources, only a foreign employee with an employment permit is able to register in the local social security system. At this moment, the status of those without employment permits is unclear. Please check with Path to China in the future as this situation may change.
You will be able to. However, we are waiting for more guidance on the procedures for reclaiming unused social insurance contributions.
In the past, if a company failed to register social security for its local employees, it would face penalties. They will likely face penalties if they fail to register foreign employees going forward.
Please contact us for the price if you need PtC to assist in registering you and other foreign employees with the local social security authorities. Find our contact information on the right of this page.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to anitayao@citilinkia.com.