Long-established as one of the foremost international financial centres and a key operational base for many of world’s most recognised and respected banking and financial organisations, The Bahamas retains both its crucial tax neutrality and its commitment to client confidentiality.

The Bahamas’ response to the multinational initiatives has been based on the principle of constructive cooperation, with robust defence of legitimate national interests. Insisting on a process that is fair and transparent, The Bahamas believes there should be a common standard adopted by all providers of international financial services, including onshore and offshore centres.

Adherence to this principle is designed to ensure that cooperation with any initiative preserves The Bahamas’ competitive position in the international market for financial services. Accordingly, while cooperation with various initiatives resulted in important changes in the local legislative environment, The Bahamas is resolute in its commitment to maintain its leading role in the global market for financial services.