BC Partners Consulting Limited

To encourage start-ups to promote employment, Guangzhou authorities issue one social insurance allowance to subsidize start-ups paid social insurance fees for employees according to China's new Social Insurance Law. Conditions of declaration: Enterprises established and established within 3 years before March 5, 2015 and enterprises established after March 5, 2015 can apply for the subsidy. And the last subsidy application shall not exceed 3 years from the date of registration of the start-up enterprise. ​ A start-up enterprise (a small and micro enterprise, an individual business enterprise, a private non-enterprise unit, a farmer's professional cooperative, a family farm, etc.) registered within 3 years. Consult BC Partners.  China Social Insurance Allowance Service For Foreign Companies China Social Insurance Allowance Employment plays an important role in developing economy and improving the overall situation of people's livelihood. Employment has a vita...

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 China social insurance contribution rate is 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 security 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 Social Security & China Social Insurance Service China Social Insurance System 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...