Use your own business to sponsor yourself

As the Australian government is now focused more on skilled migrants who are more employable and will boost the Australian economy, visa subclass 457 (Temporary Work; Skilled ) is now at its peak. The number of visa approvals has skyrocketed.

Visa subclass is more for businesses or employers to sponsor their employees, to work in occupation that has skill shortage issues. Here is the list of occupations that can be sponsored under visa subclass 457.

While having businesses or employers sponsor you for visa subclass 457 it is a good and ideal situation. What if you yourself wants to set up your own business and then use that business to sponsor yourself. Yes, it can be done.

In order for you to set up your own business and then use that business to sponsor yourself, there are steps and things you need to follow:

• Register your business as a company, not a sole trader or partnership. I personally strongly suggest to leave this to the experts, either get your solicitor or your accountant to do this for you. You will be one of the companies directors.
• Then go through the normal standard business sponsorship as per normal. Visa subclass 457 has 3 stages that needs to be achieved:
• Standard Business Sponsorship
• Nomination
• Visa application