For decades, the Bahamas occupied a familiar role in global finance: a low-tax archipelago where privacy and proximity to the United States attracted capital that preferred to remain discreet. That model has been under sustained pressure for more than a decade, and the jurisdiction's response - particularly since 2020 - has been to rebuild its financial infrastructure around transparency, digital regulation, and physical substance. The result is a pivot that is reshaping how the country competes for international financial services business.
