Social security payments for Hong Kong, Macau and Taiwanese residents working in the Mainland

by Alberto Vettoretti, South China Regional Partner, Dezan Shira & Associates

According to a recent notice issued by the Ministry of Labor and Social Security, Hong Kong, Macau and Taiwanese residents working in China shall start to contribute to the Chinese national social security fund. This is an important step towards the full recognition of welfare contributions for foreign personnel working in the Mainland. As you may know, foreigners employed and working in China shall not currently make any contributions to welfare funds in the country and consequently shall not be entitled to claim for any pension, medical, work-related injuries, unemployment and maternity insurance as their Chinese nationals counterparts.

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This article included in China Briefing Magazine

November 2005: Establishing FICE and distributing Products in China

Other articles in this issue: Establishing Foreign Invested Commercial Enterprises to handle Product Distribution in China by Chris Devonshire-Ellis, Senior Partner, Dezan Shira & Associates Total Investment Capital & Registered Capital Allocations in China by Chris Devonshire-Ellis, Senior Partner, Dezan Shira & Associates Consolidated Measures on Advance Recovery of Investment by Sabrina Zhang, North China Regional Partner, Dezan Shira & Associates Pudong's new five year economic development plan by Lulu Zhang, Shanghai Regional Partner, Dezan Shira & Associates