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Business while on a 457 Visa?


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Hi does anyone know what the rules are regarding the buying of a franchise while you are a secondary sponsor on a 457? My sister in law is here on a 457 and her husband is currently looking to buy a franchise but he is not sure if he is allowed to.

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I don't have an answer for you (sorry) but, as I'm self employed, my advice would be to get a lawyer! Anyone looking to buy into a business would be foolhardy to do so without some solid legal advice and a lawyer should also be able to assist with this question.



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A good place to start is the Foreign Investment Review Board as they handle "foreign investment" approvals. Being on a 457 visa you are a "foreigner" when it comes to buying certain assets in Australia, including purchasing a home to live in. How this affects your situation with a small business I dont know, but they will answer questions you email them.

I would appreciate it if you would post your findings here so we can all learn something.


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