PomsInOz Forum - View Single Post - Is it possible to become a UK Company Director on 457 visa?

BullcreekBob · 06-05-2008, 04:35 PM

Under your 457 visa you're required to work full time (38hrs / week) for your sponsor.

What you do in your spare time is up to you and would only concern DIMIA if it's immoral or illegal and the Ozzie taxman only cares about what you earn here.

Being a director of a Ltd company however is not all beer 'n' skittles. There are some potential financial and legal obligations. If your 'friend' on behalf of the company engages in illegal activities or defrauds the VAT man, it could be you in jail. But if it's a friend you trust and you can spare the time to keep a fiducial eye on the company - go for it (after seeking appropriate financial and legal advice).

06-05-2008, 04:35 PM	#3 (permalink)
BullcreekBob Senior Member Join Date: Aug 2006 Location: Bull Creek Posts: 397 Thanks: 1 Thanked 14 Times in 13 Posts	Under your 457 visa you're required to work full time (38hrs / week) for your sponsor. What you do in your spare time is up to you and would only concern DIMIA if it's immoral or illegal and the Ozzie taxman only cares about what you earn here. Being a director of a Ltd company however is not all beer 'n' skittles. There are some potential financial and legal obligations. If your 'friend' on behalf of the company engages in illegal activities or defrauds the VAT man, it could be you in jail. But if it's a friend you trust and you can spare the time to keep a fiducial eye on the company - go for it (after seeking appropriate financial and legal advice). __________________ I hope that helps. Bob in Bull Creek Grumpy old man and Photographer