COIDA Nature of Business Change

Product Description

The COIDA Nature of Business Change service is essential for South African businesses whose operational activities have evolved since their initial registration with the Compensation Fund. Whether you've diversified, streamlined, or simply need to correct an outdated classification, accurately updating your 'Nature of Business' is crucial for compliance. This service is designed for employers who want to ensure their employees are covered correctly and that their assessment rates are fair and accurate, thereby avoiding potential penalties and ensuring proper benefits in case of workplace injury or illness.

What's Included

• Assessment of your current business activities and classification.
• Preparation and submission of the COIDA Nature of Business Change application.
• Liaison with the Compensation Fund on your behalf for updates.
• Confirmation of your updated COIDA registration details.

Prerequisites

• Existing COIDA registration number and latest Letter of Good Standing (if available)
• Detailed description of your current business activities
• Certified copy of CIPC company registration documents (CoR14.3).
• Proof of business address (e.g., utility bill not older than 3 months).
• Proof of identity for a director/member (certified copy).