Peter Wennink to Advise on Strengthening the Dutch Investment Climate — Its Impact on Global Mobility

The Dutch government has asked former ASML CEO Peter Wennink to prepare an independent report on how to strengthen the Netherlands’ investment climate and its ability to generate future income.

Minister of Economic Affairs Vincent Karremans announced that Wennink will adapt the key findings of the Draghi Report on European Competitiveness to the Dutch context, identify structural bottlenecks, highlight opportunities, and propose actionable policy measures. The report is expected to be completed by the end of 2025 and will serve as strategic guidance for future cabinets making long-term economic decisions.

Impact on Global Mobility and Highly Skilled Migrants

Wennink’s advice is expected to have a significant positive influence on the global mobility sector and on the Netherlands’ ability to attract and retain highly skilled migrants. His past criticism of restrictive policies suggests he will call for a more open and competitive approach.

• Support for tax benefits and attraction policies: Wennink has been vocal about the recent decision to reduce the 30% tax ruling for skilled migrants. His report will likely argue for the restoration or improvement of these benefits to protect the country’s international competitiveness.
• Acknowledgement of the talent shortage: With nearly 40% of ASML’s Dutch workforce being non-Dutch, Wennink is well aware of the importance of global talent. He will probably emphasise the shortage of qualified professionals as a key structural barrier to economic growth and call for measures to ease the recruitment and relocation of international talent.
• Simplification of immigration processes: Although the highly skilled migrant scheme is already relatively efficient, Wennink may identify further obstacles, such as delays in diploma recognition or family reunification, and propose solutions to make the system smoother and more appealing.
• Investment in infrastructure and quality of life: The report is expected to go beyond direct regulatory issues to include wider factors such as housing and infrastructure, both of which are essential to maintaining the Netherlands’ attractiveness to global talent.
• Positive political signal: By asking for advice from a figure who has openly criticised current policies, the government signals its willingness to reassess its stance and make changes that improve the business climate and, by extension, the living conditions for skilled migrants.

The Initiative Demonstrates a Clear Intention from the Dutch Government

Wennink’s report could help align Dutch economic and migration policies with the realities of a globalised labour market. Yet the outcome will depend on how far future governments are willing to implement his recommendations. Reinstating tax benefits or expanding infrastructure investment may face fiscal and political resistance. For now, the initiative demonstrates a clear intention, a recognition that retaining international talent in the Netherlands must be a priority.