One of the most important factors in the success of the IFSC to date has been the commitment by successive governments since 1987 to its development as an international financial centre. This can be clearly seen in the way in which regulatory and taxation legislation has been amended over the last few years to enhance the IFSC's attractiveness to foreign investors.
The Minister for Finance has said that the Government will provide for the continued growth of the financial services industry by ensuring that the taxation, regulatory and legal frameworks are in line with best practice.