Kyrgyzstan Launches 'Tamchy' Financial Zone to Attract Global Investment

Kyrgyzstan officially launched its "Tamchy" Special Financial and Investment Territory (SFIT) in the Issyk-Kul region on July 3, marking a significant step to attract regional and global investment. President Sadyr Japarov, attending the opening ceremony, highlighted the territory's robust legal and institutional framework designed for long-term operation and investor confidence.

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The Law on SFIT "Tamchy" defines the territory's status, its legal basis, operating procedures, management bodies, regulation, registration, licensing, dispute resolution mechanisms, and guarantees for participants. It is precisely thanks to such a thorough approach that a full-fledged legal institution has been created aimed at the long-term functioning of the "Tamchy" investment territory, protecting the interests of all participants, and strengthening investor confidence.

The SFIT "Tamchy" operates under English law, featuring its own financial regulator, an international dispute resolution center, and a unified digital registrar. A key attraction for investors is a special tax regime offering zero rates on profit, dividends, capital gains, and VAT for 49 years. Additionally, the territory permits 100% foreign ownership and guarantees the free repatriation of profits.

President Japarov expressed strong economic expectations, forecasting that by 2035, the SFIT will host over 3,900 resident companies and generate more than 10,000 new jobs. He emphasized the project's potential for a multiplier effect, stimulating growth in construction, transportation, hospitality, and agriculture sectors. The initiative aims to leverage best practices from international financial centers such as Dubai, Singapore, and Luxembourg.

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According to preliminary forecasts, the project will gradually gain development momentum, and by 2035, this investment territory is expected to host more than 3,900 resident companies and create more than 10,000 new jobs.

During the ceremony, Japarov symbolically activated the territory's geolabel, signifying its emergence on the global financial map. Certificates were presented to the first five residents: SkyBridge Digital Finance, Thunes, Victory Securities, Onchain Technologies, and Serim, hailing from the UAE, Hong Kong, Switzerland, Kazakhstan, and South Korea. Another 15 companies are currently in the process of registration.

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As you know, when companies come to a financial and investment territory, they bring new orders for builders, suppliers, transport companies, hotels, restaurants, service organizations, farmers, and entrepreneurs. Thus, this project gives our people jobs, business new opportunities, and the state new sources of economic growth.