It’s come to my attention that some visa applicants are considering moving from a Working Holiday 417 or Work and Holiday visa 462 to the Business Innovation visa stream to obtain a 457 visa. We would recommend taking caution with proceeding with any application under this route as this process is very demanding and the requirements are very stringent. e.g. you have to get the business to a level turning over $400K and employing 2 Permanent Residents/Citizens to hold onto the visa or apply for Permanent residency…
Although applicants may qualify for the provisional visa, the business requirements which need to be met to achieve permanent residence are very demanding and require a visa applicant to be dedicated to establishing a business in Australia.
Take caution if being advised to undertake this process by a Migration Professional as a first option!
