Social Security Agreement Switzerland China

Social Security Agreement between Switzerland and China

Switzerland and China have signed a Social Security Agreement that came into effect on July 1, 2019. This agreement ensures that employees who work in both countries are not required to pay social security contributions twice, which can be a significant financial burden. The agreement also addresses the benefits entitlements of the expatriate workers in both the countries.

The Social Security Agreement between Switzerland and China is the first agreement of its kind between China and a European country. It is beneficial to workers who have worked in both countries and citizens who are moving between the two countries for employment or business purposes.

Under the agreement, employers are only required to pay social security contributions in the country where the employee is working. For example, if a Swiss citizen is working in China, their employer will pay social security contributions in China. The employee will not have to pay social security contributions in Switzerland for the same period.

The agreement also addresses the care of family members and provides special provisions for business travelers. The agreement ensures that the family members of the employees are covered by social security in the country of residence, even if the employee is working in another country.

The agreement between Switzerland and China also benefits business travelers by providing them with a totalization provision. This provision enables business travelers to combine their social security contribution records in both countries, which can be beneficial in determining their eligibility for social security benefits.

The Social Security Agreement between Switzerland and China is beneficial for employees who work in both countries. It eliminates the double taxation of social security contributions and provides them with the necessary social security coverage. The agreement also helps both countries to protect the rights of their respective citizens and promote bilateral relations.

In conclusion, the Social Security Agreement between Switzerland and China is an essential milestone in promoting bilateral relations between the two countries. The agreement provides relief to workers who work in both countries by making social security contributions more affordable and accessible. The agreement also demonstrates that the two countries are committed to promoting the well-being of their citizens and facilitating international business and investment.