Australia Migration, Immigration Australia, Migrating to Australia
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Registration Number 1971 and 2748
Registered to Provide Migration Advice
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0208366, 0426675, 0641256, 0742456 and 0640237
More info about Immigration Australia, Visa Australia
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In Aus on a 457 ?

457ie - Options to apply for Permanent residence

The Temporary Business (Long Stay) Independent Executive visa ceased as a visa option on 1 March 2003.

Information on how to come to Australia as a business person can be found at the Business Skills page.

Independent Executive - Further Application Onshore (457IE FAO)

Current 457 Independent Executive visa holders (in Australia) can apply to apply for a further Temporary Business Entry visa in Australia.

The visa was developed in recognition that an emerging number of Independent Executive visa holders in Australia were facing expiry of their visa, but were legitimately in business and required more time to be eligible to apply for permanent residence under the:

  • Established Business in Australia (EBA); or
  • Regional Established Business in Australia (REBA) categories; or the
  • State/Territory Sponsored Business Owner (Residence) category.
  1. The 457IE FAO is a two year, multiple entry visa that allows 457 Independent Executive visa holders to remain in Australia and continue their business activities as an owner and principal.
  2. The spouse of the original 457IE visa holder who has been engaged in business in Australia as an owner and principal of that business may also apply for a 457IE FAO as the principal applicant.
  3. This table is a general summary only of the main criteria that may affect the eligibility of an applicant. For full criteria, refer to the Migration Regulations.

Criterion
Requirements for 457IE FAO

Time in Business

Must have conducted a business in Australia for at least 15 months as a principal.

If less that 15 months, must have received an endorsement of the business as beneficial to a State or Territory from the relevant State/Territory Government business development agency

Business activity

Must be of benefit to Australia

Ownership interest

Must maintain an ownership interest in the business

Management role

Must maintain direct and continuous involvement in the management of the business; and
Must make decisions that affect the overall direction and performance of the business from day to day

Background

Must be relevant to and consistent with proposed business activity; and
DIAC knows of nothing adverse about business background of applicant

Net assets

Must have net assets of $250,000 or a lesser approved amount; and
Assets must be available to conduct or establish the business

Presence in Australia

Must have a need to be temporarily resident to conduct the business

 

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