Is it okay to set up a company without buying social security?

According to relevant information, it is impossible to set up a company without buying social security. According to China's Social Insurance Law, the newly established company should go through the social security registration formalities within 30 days, otherwise it will be punished. So it is impossible to set up a company without buying social security. If you set up a company without social security registration, you will face fines or other legal consequences.