The new company opens a social security provident fund account.

How to handle social insurance social security accumulation fund is as follows: all kinds of enterprises (including state-owned enterprises, collectively-owned enterprises, joint-stock enterprises, joint-stock cooperative enterprises, foreign-invested enterprises, private enterprises, etc. ) and enterprises that implement enterprise management (employees' wages and retirement benefits are implemented according to enterprise standards) should go through the registration formalities of social endowment insurance at the social insurance agency under the jurisdiction of the tax paying place (non-tax paying units according to the unit address area) according to the principle of territorial management. The newly established unit shall go through the registration formalities within 1 month from the date of approval. Insured units must handle social insurance procedures for all personnel (except retirees) who have a factual labor relationship with them.