Can foreigners buy social security in China?

Banghua Immigration is the exclusive brand of GTG visa focusing on permanent residence in China.

As many foreign friends know, China Green Card can enable foreigners working and living in China to participate in and enjoy the advantages of various social security benefits.

But how to get a domestic pension with a China green card?

Receiving condition

Foreigners who participate in social insurance in China meet the following conditions and enjoy social insurance benefits according to law:

1, participate in the basic old-age insurance and the payment period reaches 15 years;

2. Reach the statutory retirement age (subject to local or industry regulations).

Collection method

1. Foreigners can choose to support the elderly in China and receive a basic pension on a monthly basis.

2. Foreigners can also choose to receive a monthly pension outside China, but they should provide at least once a year a survival certificate issued by the embassy or consulate of China to the social insurance agency responsible for paying their pension, or a survival certificate notarized by the relevant institutions in the country of residence and certified by the embassy or consulate of China abroad.

3. If a foreigner leaves the country before reaching the required pension age, his personal social insurance account will be retained, and if he comes to work or live in China again, the payment period can be calculated cumulatively; If I apply in writing to terminate the social insurance relationship, I can also pay the amount of personal social insurance account in one lump sum.

The advantages of China's green card are increasingly prominent.

When foreigners are close to 60 or above, it is generally difficult to obtain a work permit or a shorter time limit. Therefore, it is possible that the accumulated payment of 15 years cannot be met, resulting in only one-time withdrawal of personal account storage.

It is more flexible and convenient for foreigners to hold green cards in China. Because you can get a work visa, you don't have to worry about the above situation.

Even if they don't work, foreigners with China green cards can still participate in basic medical insurance and old-age insurance and enjoy social security benefits.

More advantages in China green card.

With the persistence and repetition of the epidemic, the advantages of China's green card's long-term stable status are becoming more and more obvious:

● Stable life in China: Foreigners can stay in China indefinitely without worrying about whether their residence permit can be extended or the legal problems they will face if they overstay their residence permit.

● Free access to China: Foreigners can freely enter and leave China without a visa with their passports and China green cards. When you adjust the visa regulations for coming to China due to the epidemic, you don't have to worry about not being able to re-enter after going abroad.

● It is convenient for children to go to school: foreign children can choose to go to school nearby without having to choose a specific school.

● Open development in China: foreigners working in China are exempt from working visas and avoid a series of cumbersome processes such as extension and job transfer. It also makes it easier for foreigners who start businesses in China to set up foreign-funded enterprises and improve efficiency.

● Convenient domestic access: You can use various self-service channels such as high-speed rail and airplanes to enjoy a convenient journey more efficiently and quickly.