In case business owners do not have to participate in compulsory social insurance from July 1, 2025
From July 1, 2025, business owners are subject to compulsory social insurance, but in some cases they do not have to participate.
According to Point m, Clause 1, Article 2 of the Law on Social Insurance 2024 (effective from July 1, 2025), business owners of business households with business registration are subject to compulsory social insurance.
Clause 7, Article 2 of the Law on Social Insurance 2024 stipulates that cases that are not subject to compulsory social insurance include:
a) People receiving pensions, social insurance benefits, and monthly allowances.
The Government stipulates that beneficiaries of social insurance and monthly allowances are not subject to compulsory social insurance;
b) Employees who are domestic helpers;
c) Subjects specified in Point m and Point n, Clause 1 of this Article are old enough to retire as prescribed in Clause 2, Article 169 of the Labor Code, except for cases where the social insurance payment period is less than a maximum of 6 months as prescribed in Clause 7, Article 33 of this Law.
Thus, if the business owner of a business household has registered to do business and is receiving a pension, he will no longer need to participate in compulsory social insurance because Clause 7, Article 2 of the Law on Social Insurance 2024 has excluded pensioners from the list of subjects participating in compulsory social insurance.
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