Kyrgyzstan Launches Tamchy Investment Territory, Eyes Global Financial Hub Status

Kyrgyzstan has officially launched the Tamchy Special Financial Investment Territory (SFIT) in the Issyk-Kul region, a move President Sadyr Japarov heralded as the creation of a new investment platform for regional and global economic activity. The ceremony was attended by representatives from diplomatic corps, international organizations, and various partners.

President Japarov emphasized the robust legal and institutional foundations of the SFIT, noting that its law defines the territory's status, operational procedures, governing bodies, and guarantees for participants. "Thanks to this comprehensive approach, a fully developed legal institution has been created to ensure the long-term functioning of the Tamchy investment territory, protect the interests of all participants, and strengthen investor confidence," he stated.

“

The Law on Tamchy SFIT defines the territory’s status, legal framework, operational procedures, governing bodies, regulatory mechanisms, registration and licensing procedures, dispute resolution mechanisms, and guarantees for participants. Thanks to this comprehensive approach, a fully developed legal institution has been created to ensure the long-term functioning of the Tamchy investment territory, protect the interests of all participants, and strengthen investor confidence.

Preliminary forecasts suggest significant economic impact, with the project expected to attract over 3,900 resident companies and generate more than 10,000 new jobs by 2035. Japarov highlighted the anticipated multiplier effect, explaining how companies entering the SFIT would create demand for local builders, suppliers, transport services, hospitality, and agriculture, thereby boosting employment and economic growth.

“

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

The SFIT aims to leverage competitive advantages by adopting best practices from global financial centers like Dubai, Singapore, and Luxembourg. In a symbolic act, Japarov activated a geotag, marking the territory's emergence on the global financial map. Certificates were presented to the first five residents: SkyBridge Digital Finance, Thunes, Victory Securities, Onchain Technologies, and Serim, representing the UAE, Hong Kong, Switzerland, Kazakhstan, and South Korea.

Operating under English common law, Tamchy SFIT features its own financial regulator, an International Dispute Resolution Center, and a unified digital registrar. Residents are offered a special tax regime with zero rates on income tax, dividends, capital gains, and VAT for 49 years, alongside guarantees for 100 percent foreign ownership and free repatriation of profits. Fifteen additional companies are currently in the registration process.

“

As you know, when companies enter a financial and investment territory, they bring with them new orders for builders, suppliers, transport companies, hotels, restaurants, service providers, farmers, and entrepreneurs. In this way, the project creates jobs for our people, opens new opportunities for businesses, and provides the state with new sources of economic growth.