Starting from October 16, 2019, when registering a company with the DBD (Department of Business Development), the company will be automatically registered as an employer with the Social Security Office (SSO).
The 13-digit company registration number (ID, which is also the tax number) will now also serve as the social security number.
Background
Previously, a unified service platform was used only between the DBD and the Revenue Department. Registration with the Social Security Fund was required only when hiring the company’s first employee. At that point, both the company and the employee were registered simultaneously.
However, the Social Security Office imposed strict requirements on the company’s office, including:
- full operational readiness,
- presence of furniture and equipment,
- a visible sign displaying the company name, address, and working hours.
Required documents included:
- lease agreement,
- copy of the land title deed (chanote),
- house registration document,
- ID of the office owner,
- house registration of the owner.
An office inspection could also be conducted at the discretion of the Social Security Office.
New System: Possible Scenarios
With the integration of DBD and Social Security systems, two possible approaches may occur:
1. Simplified Process
- Automatic registration with the Social Security Office
- No additional documents required
- No office inspection
2. Requirements Maintained
- All office requirements remain in place
- Documents and proof of office readiness must be submitted at the company registration stage
Further updates on how these new procedures are implemented in practice will be provided soon.
For more information, contact: [email protected]
We can send you the official DBD notification regarding the integration of company registration and social security registration procedures.