Can foreign companies pay social security locally?

Conclusion: Yes, you can open an account in the local social security office first, and then transfer social security from other places.

Analysis:

Social security transfer process in different places:

Step 1: Before the insured person moves across provinces, he/she shall issue the payment certificate of basic old-age insurance to the social security agency of the original insured place.

Step 2: The insured person holds the payment voucher, registered permanent residence and ID card to handle the continuation relationship with the social security agency in the new place of employment.

Step 3: The social security agency of the new employment place will review whether the applicant meets the requirements within 15 working days.

Step 4: After receiving the contact letter 15 working days, the social security agency of the original insured place will clear up whether the applicant's insurance payment is in arrears and handle the transfer of the endowment insurance fund, terminate the applicant's local insurance relationship, and issue the basic endowment insurance relationship transfer and connection information form to the new insured place.

The last step: the social security institution of the newly insured place shall complete the relevant procedures within 15 working days after receiving the information form and the transfer fund.

Legal basis:

Article 58 of the 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.

Article 86 If an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.