Is it cost-effective for self-employed people to pay social security?

Individual industrial and commercial households belong to employers, so it is cost-effective to pay social security. The employer declares itself and pays social insurance premiums in full and on time; Individual industrial and commercial households without employees can pay social insurance premiums directly to social insurance premium collection agencies. The employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal.

legal ground

Article 60 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.