That means, beside from house and license plate purchasing, resident permit will also be closely related to Social Insurance! 

You might be familiar how Social Insurance works since we have mentioned it many times in previous articles. 

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■ Notice! Buy Chinese Social Insurance Or Pay A Fine!

■ Advantages of Buying Social Insurance in China

According the Social Insurance Law, foreigners who work in Chinese mainland should pay social premiums.

Required Documents

If you participate Social Insurance the first time, you should submit the following documents to the local social security institution to register Social Insurance:

• Your valid passport

• Your Foreigner’s Work Permit

• Labor Contract or Labor Dispatch Contract

 If you have Foreigner’s Permanent Residence Card, the Card is also needed when register Social Insurance.

After verification, you will have a Social Security Number and get the Social Security Card.

The social insurance payment is based on the city you work and the monthly salary you have. So you can enter the link below to calculate how much you should pay every month.

http://salarycalculator.sinaapp.com/city/guangzhou

Choose the city you are living and input your monthly salary before tax. After that, click "计算" to calculate.

↑Tap to enlarge

Check the amounts of personal payment and company payment in the list.

↑Tap to enlarge

Note: if you are not a permanent resident in China, you don’t have to pay the “housing fund”.

Calculate how much you should pay as your personal part.

For example, if your monthly salary before tax is 20,000RMB, then you need to pay pension insurance, medical insurance and unemployment insurance as your personal payment.

You may want to ask, if you leave China, can you get the money back? 

Of course, yes!

If you leave China before you are qualified for enjoying the pension benefits, your social insurance account can be refunded in a lump sum. 

Bring the passport(origin and copy), debit card(only accepted BOC, ICBC, ABC and CCB) to the local social security bureau which your last company belongs to.

The money will be returned to your debit card within 7 work days.

The amont of money you can get is based on how much you pay each month and how many months you've paid.

For example, if your monthly salary is 20,000RMB and you have paid Chinese social insurance for totally 5 years. According to the foam above, you need to pay 984RMB pension insurance in the social insurance each month.

Chinese social insurance can bring you a great deal of convenience. what's more, due to the stricter policy of social security, you’d better pay social premiums for both yourself and your employees in accordance with the law in case of unnecessary losses!

Are You Qualified For China Z-visa! 

This 1 Minute Test Can Tell!