Does the company have to pay social security?

Companies must buy social insurance for their employees. Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The company must pay social security for its employees, which is a legal obligation, even if the workers themselves are unwilling to pay for the company.

Conditions for registering a company:

1. A registered company must first have someone, the founder of the company, that is, the shareholders. Shareholders must be at least 18 years old, with identification and capacity;

2. A registered company must have a registered address. This registered address can be used for commercial or industrial purposes, and the current residence can also be used as a registered address;

3. Registered companies need registered capital. The size of a company's registered capital determines the company's financial strength and its ability to bear civil liability abroad;

4. The registered company needs to have a company name and establish an organization that meets the requirements of the limited company;

5. To register a company, you need to have a basic deposit account and a tax account, which is one of the essential conditions.

The details of the registered company are as follows:

1. It is necessary to prepare a company name. You can prepare a few more in advance in case of emergency;

2. There must be a registered address of the company. If there is no actual address, you can choose the affiliated address;

3, the company's business scope needs to be clear in advance, this business scope is not as wide as possible, mainly around its own main business;

4. Registered capital is also necessary. The registered capital is paid in, and the more registered capital, the better, depending on your actual situation;

5. Identity card information of legal persons, shareholders and supervisors are indispensable;

6. For the personal bank U shield of shareholders, legal persons and supervisors, the driver of any bank will be downloaded. It cannot be issued by a local bank in Shenzhen unless it is issued by a bank in Shenzhen.

To sum up, the company must buy social security for its employees. Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The company must pay social security for its employees, which is a legal obligation, even if the workers themselves are unwilling to pay for the company.

Legal basis:

Article 58 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.