Is It Risky to Ignore the Social Insurance of Foreigners?
In the past many years, foreign-invested companies would purchase commercial insurance for foreigners instead of participate in social insurance, because China had not set any requirements in any laws or regulations, and normally, the offshore parent companies would participate in social insurance for foreigners in their own countries. The “Social Insurance Law” has come into force on July 1, 2011, in which it stipulates that foreigners employed within the territory of the People’s Republic of China shall participate in social insurance analogically in accordance with this Law. And soon afterwards, the “Interim Measures for Social Insurance System Coverage of Foreigners…