NSW Can I Set Up Discretionary Trust on 457 Visa?

[qldeblade]

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]

Hi,

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

 

[Tim W]

Why do you think that a trust is the appropriate structure for what you want to do?

 

[James Simmons]

Trust structures can be complicated, but there's a lot information online to help guide you without having to pay expensive lawyers or financial planners.