eiger Posted August 30, 2016 Share Posted August 30, 2016 I am currently on a 457, and happily working for my sponsored employer, with no plans to change! However, myself and a friend (who is an AU citizen) want to start a small business to work on in our spare time. I understand as a condition of the 457, I can not work for another company or even myself, but is there another way? Am I allowed to have ownership of the partnership? How about if I don't ever get paid from it (until I have a permanent visa?) Can I have a company in my country of residence that has ownership of said company in Australia? I understand the position of the immigration department whereby they impose these conditions to stop people from getting "fake" sponsorship's then working elsewhere and undermining their immigration policies, but I feel it also has a fairly anti-business effect for someone wanting to do more in their spare time, whilst still genuinely maintaining their commitments to their sponsoring employer. Has anyone else been in a similar position and found an intelligent legal solution, other than having to put all entrepreneurial endeavors on hold for two (or more) years? Quote Link to comment Share on other sites More sharing options...
Bungo Posted August 30, 2016 Share Posted August 30, 2016 I am currently on a 457, and happily working for my sponsored employer, with no plans to change! However, myself and a friend (who is an AU citizen) want to start a small business to work on in our spare time. I understand as a condition of the 457, I can not work for another company or even myself, but is there another way? Am I allowed to have ownership of the partnership? How about if I don't ever get paid from it (until I have a permanent visa?) Can I have a company in my country of residence that has ownership of said company in Australia? I understand the position of the immigration department whereby they impose these conditions to stop people from getting "fake" sponsorship's then working elsewhere and undermining their immigration policies, but I feel it also has a fairly anti-business effect for someone wanting to do more in their spare time, whilst still genuinely maintaining their commitments to their sponsoring employer. Has anyone else been in a similar position and found an intelligent legal solution, other than having to put all entrepreneurial endeavors on hold for two (or more) years? You cannot start a secondary business or take a secondary job on a 457 visa. You could own the business as it would just be an investment then, but you couldn't work in it in which case I doubt your friend doing the work would agree to you owning it.. If you don't like the rules of your visa, perhaps look into getting a visa that better suits your needs. Quote Link to comment Share on other sites More sharing options...
eiger Posted August 30, 2016 Author Share Posted August 30, 2016 That would be great if there is one!! Any suggestions? Quote Link to comment Share on other sites More sharing options...
Bungo Posted August 30, 2016 Share Posted August 30, 2016 That would be great if there is one!! Any suggestions? Skilled migration would be the first place to look assuming you don't have an Australian partner that is. Quote Link to comment Share on other sites More sharing options...
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