Registrations
COID registration and your Letter of Good Standing
Our consultants go to the Compensation Fund offices for you: complete the forms, stand in the queues, meet the officials and see the application through. Registration or renewal, with your Letter of Good Standing at the end of it.
What you get
What the fee covers
No surprise line items. This is what is included.
First-time COIDA registration
Workmen's Compensation registration plus your Letter of Good Standing, R1,800.
COIDA renewal
Renewal plus your Letter of Good Standing, R1,500.
We attend in person
Our consultants visit the Compensation Fund offices on your behalf, complete the forms and meet with officials.
Letter of Good Standing
Applied for once your Notice of Assessment is paid.
The Notice of Assessment is separate
Our fee covers professional consulting and processing. Once your registration is filed, the Compensation Fund issues a Notice of Assessment calculated on your company's own risk profile and employee salary details. That amount is not included in our fee and is paid directly to the Compensation Fund. Your Letter of Good Standing can only be released once it is paid.
The process
How it works
Send your details
Registered company name, registration number, number of employees and monthly or annual salary details.
We lodge it
Our consultant attends the Compensation Fund and lodges the application on your behalf.
You pay the NOA
The Compensation Fund issues a Notice of Assessment based on your risk profile and salaries. You pay this directly to them.
Letter issued
Once the NOA is paid, we apply for and obtain your Letter of Good Standing.
Questions
Frequently asked questions
What COID services do you offer and what do they cost?
First-time COIDA registration plus Letter of Good Standing is R1,800. COIDA renewal plus Letter of Good Standing is R1,500.
How long does it take?
Once the application is submitted and initial processing is finalised, we can typically secure your registration and Letter of Good Standing within 3 to 5 business days.
Is the Notice of Assessment included in your fee?
No. Our fee covers professional consulting and processing costs. The Compensation Fund issues a Notice of Assessment calculated on your company's unique risk profile and employee salary details, and that must be paid directly to the Fund before your Letter of Good Standing can be released.
What information do I need to prepare?
Your basic contact details plus your registered company name, company registration number, the current number of employees, and an estimate of monthly or annual employee salaries, which the Compensation Fund requires for registration.
Related
Often needed at the same time
Register a Company
Name reservation, MOI, COR 14.3 documents, share certificates and a free accounting officer appointment.
Read moreRegister a Non-Profit Company (NPC)
Name reservation, MOI and a free accounting officer appointment for a public-benefit company.
Read moreAnnual Returns
Annual returns filed with CIPC plus a confirmation certificate, keeping your company active and out of deregistration.
Read moreGet started
Talk to a consultant
Or WhatsApp us on 082 082 8127 if you would rather just ask.
Enquire about COID and Letter of Good Standing
Tell us where your company is at. A consultant comes back with the cost, the documents we need and the timeline, before you pay anything.
Got it. We are on this.
A consultant will be in touch on the number you gave us, usually within one business day. If it is urgent, WhatsApp us on 082 082 8127.
Ready to get coid and letter of good standing sorted?
Tell us what your company needs. We will tell you what it costs, what we need from you and how long it takes, before you pay anything.
Office 071 687 1601 · support@businessneeds.co.za · Pretoria