0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!
0800 007 269 (Toll Free)

Get Compliant from Anywhere, Easy and Fast!

0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!

Table of Contents

  • Employer Obligations

FAQ’s on COIDA Registration in South Africa

FAQ's on COIDA Registration in South Africa

Do you have questions about COIDA Registration in South Africa?

In this article, we will answer the Frequently Asked Questions Entrepreneurs have on COIDA Registration in South Africa.

Don't have time to read? You can also watch the FAQ Video below:

Here follows Questions and Answers to the most popular FAQ’s South African Entrepreneurs have about Registering a Company for COIDA in South Africa. Simply scroll down to the questions that are relevant to you.

What does COID stand for?

COID stands for the Compensation of Injury and Diseases. It is sometimes also referred to as COIDA, where the A stands for the word Act.

Who needs to register for COID?

Every entity who has employees needs to register for COID, as this is a legal requirement.

What do I get after registering for COID?

COIDA Registration in South Africa provides you with a CF number

Once you are registered, you will receive a CF number which is your company’s unique reference number used for claims and paying your annual submissions to the department.

Upon succesful COID Registration you, you will receive a “Notice of Assessment” from the Compensation Fund, which is payable directly into the account of the Compensation Fund. This payment will cover your business for Workman’s Compensation.

You will then be able to apply for your Letter of Good Standing.

 
 

I do not have any employees; do I have to register for COID?

When you want to apply for tenders or contracts, it will in most cases be a requirement to produce a Letter of Good Standing which can only be obtained by registering for COID.

So in that case, you will need to register yourself as the working director, if you do not have employees yet. Company Partners can facilitate this registration for you.

Can I get a Letter of Good Standing without registering for COID?

As mentioned, you will not be able to receive a Letter of Good Standing without registering for COID, as the COIDA number or CF number is a requirement for you to get the Letter of Good Standing, which shows that you are not in arrears with the Department of Labour.

Are there any hidden fees when it comes to registering for COID?

Yes, you will receive a Notice of Assessment which is an invoice you receive upon completion of the registration. This invoice is based on various areas of your business assessment, such as employees’ salary amounts and nature of business.

When do I renew my Letter of Good Standing?

You will need to renew your Letter of Good Standing in April of every year. This means if you receive your Letter of Good Standing in January, you will need to renew it 3 months later in April again.

I have not done any work; do I have to submit my Return of Earnings?

Yes, whether the company is trading or not you will still need to submit the company’s Return of Earnings to ensure you are compliant when applying for tenders or wanting to claim for any injuries, diseases or deaths that occur in your company. Please make note that late submissions will incur you extra costs.

Expert tip relating to faqs on coida from Company Partners

Expert Tip: Use our Free COIDA ROE Calculator to determines the estimated Assessment Fee / Return of Earnings your business will need to pay.

If you have more questions or need assistance with your COIDA Registration, Call Us or Signup Now.

Contact us today!

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