NSW Can I Set Up Discretionary Trust on 457 Visa?

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qldeblade

Member
22 December 2016
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Hi.

Can I legally set up a discretionary trust being on temporary 457 visa? I do not want to have a business on it. I will still be working for the employer that sponsored me. I would like to put there some investments, maybe property.

Also I need an ABN to create a website with .com.au. Can I do it through the trust?
 

Lance

Well-Known Member
31 October 2015
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2,394
Hi,

I believe trustees of a trust must be Australian Residence. So being on a 457 visa wouldn't fulfil that.
 

Tim W

Lawyer
LawTap Verified
28 April 2014
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Sydney
Why do you think that a trust is the appropriate structure for what you want to do?