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How many years does it take to buy a house in Shenzhen?
With regard to the proof of continuous payment of personal income tax or social insurance for five years or more from the date of purchase, the payment period must be calculated continuously from the date of purchase, excluding the withholding. Regarding the issues left over from the history of purchase restriction, the supporting regulations are combined with previous practices, and the following situations are also handled according to the original purchase restriction policy (except for the continuous payment of personal income tax or social insurance in this city for less than 3 years at the time of purchase).
Legal basis: Article 58 of People's Republic of China (PRC) Social Insurance Law. The employing unit shall handle social insurance registration for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.
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