New residency scheme could yield €93m annually | Business Post

A spokesman for Helen McEntee, the Minister for Justice, said the scheme should have a positive impact on taxation and social insurance yield. Picture: RollingNews.ie

The new residency scheme for undocumented migrants could raise €93 million annually for the state, according to official research. Many undocumented migrants have been working in the shadow economy and paying no tax or PRSI contributions due to their lack of legal status. They are now being offered the opportunity to receive residency permits under a new regularisation scheme if they have been here for at least four years, or for at least three years...

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