DO YOU NEED A LETTER OF GOOD STANDING?

We assist Thousands of Clients to get these services in the Quickest possible timeframe in South Africa.

Why is a Letter of Good Standing needed to apply for tenders?

COIDA Registration is a requirement for ALL employers. The “Compensation for Occupational Injuries and Diseases Act” or “COID Act” states that all South African persons (individuals / companies) who employ one or more employees, in connection with their business / farming activities, organisation / association / trust are under the scrutiny of the COID Act. Employees will be covered for injuries whilst on duty.

If an employer is registered with the Compensation Fund as per section 80 of the COID Act, he / she can apply for a Letter of Good Standing from the Compensation Fund. This letter states that there is no outstanding claims / debt on his / her Compensation Fund record.

Letter of Good Standing Services:

We do renewal of Letters of Good Standing (which adheres to the “Compensation for Occupational Injuries and Diseases Act” or “COID Act”) for clients all over South Africa including Johannesburg; Midrand; Sandton; Pretoria; Durban; and ALL other regions in South Africa / across the world using our simple and straightforward online registration process.

*Disclaimer: We are not the Government, but professionals representing Clients at institutions. Note that COID Registration, SARS Registrations and other company services are also available directly at the Government institutions at a lower costs.

Requirements

Company Registration Documents (lost yours?) (need to register a Company?)

You need to be registered with the Compensation Fund – we need your CF Registration Number (not registered?)

The annual fees payable at the Compensation Fund needs to be up to date & successfully submitted. In case your fees are not up to date, we will send you the information you need to settle your account with the Compensation Fund before we can continue with the Letter of Good standing. Note that if you have an outstanding fee, the COMPENSATION FUND will charge you these fees additional to the services that we offer.

Advantages

Get Tenders & Contracts

To apply for most contracts and tenders, your Company will have to submit a Letter of Good Standing which they received from the Compensation Fund. This proves that there is no outstanding debt claims from the Compensation Fund / or Employees.

Process for a first application for a Letter of Good Standing

(1) COID Offices

We visit Compensation Fund’s offices on your behalf to complete the correct forms, wait in the lines, meet with an official and make sure that your Application is successful.

(2) Start using your COID Registration Number

Our COID Department will ensure your COID Registration is successful in the quickest possible timeframe. Your Coid Registration Number will be made available via email: enabling you to start trading immediately.

(3) Notice of Assessment

Apon successful COID Registration, 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.

(4) Letter of Good Standing

You will be able to apply for a Letter of Good standing at the Compensation Fund, once your business is COID registered and your “Notice of Assessment” has been paid.

Renewals of your Letter of Good Standing (30 April yearly)

ALL Companies who have a letter of good standing at the Compensation Fund, need to renew it before 30 April annually – this date is unrelated to the date on which you applied for your first Letter. You may have requested a letter in March and by the end of April you’ll have to renew it again.

APPLY within 1 minute by completing our online application form below.