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Social Security Ministry Clarifies “Five-in-one Licence” Registration Matters

The General Office of the Ministry of Human Resources and Social Security has issued its Circular on Improving the Work on Enterprise “Five-in-one Licence” Social Security Registration recently to speed up the registration system reform of “five-in-one licence and single identification number.”

According to the circular, enterprises and farmers' specialised co-operatives registered with the industry and commerce administration department will be managed according to the registration system of "five-in-one licence and single identification number" from 1 October. State organs, public service units and social organisations not falling into the new registration system shall follow the existing rules to register with the social security authorities which will continue to issue social security certificates, and gradually adopting the registration by unified social credit code.

The circular pressed ahead with timely establishment of enterprise social security registration process under the “five-in-one licence and single identification number” system to provide more convenient and efficient registration. Newly setup enterprises will complete the social security registration along with the industry and commerce registration. Information, such as bank account details, which enterprises were required to provide for social security registration before the implementation of the "five-in-one licence" system reform will be, after the reform, presented when enterprises register for employee social security.

The circular said that social security agencies shall take full advantage of the shared information provided by the industry and commerce administration department to connect registration of enterprise social security registration and employee social security contribution. After receiving the enterprise social insurance registration information shared by the industry and commerce administration department, the social insurance authorities shall by open letter, circular and short messages remind and urge enterprises with business licence under the "five-in-one licence and single registration number" to timely process employee social security registration with the social security authorities according to law within 30 days after employment. For those failing to register employee contribution within time limits, social security agencies will draw attention of relevant departments to request enterprises to fulfill their obligations regarding employee social security contribution according to law.

Content provided by Picture: HKTDC Research
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