Kyrgyzstan launches Tamchy Special Financial Investment Zone for global investors
Translated from Turkish, summarized and contextualized by DistantNews.
At a glance
- Kyrgyzstan has launched the Tamchy Special Financial Investment Zone (SFIT) on the shores of Issyk-Kul Lake, aiming to attract international investment.
- The SFIT offers a neutral, independent judicial area based on English Common Law, with a special tax regime providing a 0% tax rate on profits for 49 years.
- Companies from South Korea, UAE, Hong Kong, Switzerland, and Kazakhstan are among the first to establish a presence in the new financial hub.
Kyrgyzstan has officially opened the Tamchy Special Financial Investment Zone (SFIT), a new international judicial area situated on the picturesque shores of Issyk-Kul Lake. The launch ceremony, attended by President Sadyr Caparov, marked a significant step in the country's efforts to bolster its economy through foreign investment.
President Caparov symbolically activated a geographical tag key, placing the SFIT on the global financial map. He highlighted the growing demand for new business centers that combine innovation with long-term investment, aligning with international standards. "We see our national project, Tamchy SFIT, as a response to the needs of international businesses," Caparov stated. "We are building a financial center from scratch with an independent court, a modern regulatory body, and rules that will not change with trends. I have no doubt that Tamchy SFIT will open a new chapter in Kyrgyzstan's history."
We see our national project, Tamchy SFIT, as a response to the needs of international businesses. We are building a financial center from scratch with an independent court, a modern regulatory body, and rules that will not change with trends. I have no doubt that Tamchy SFIT will open a new chapter in Kyrgyzstan's history.
The SFIT operates on the principles of English Common Law, offering a neutral, independent, and permanent judicial area. It features its own financial regulatory body, an International Dispute Resolution Center, and a single-window digital registration system. A special tax regime guarantees a 0% tax rate on profits, dividends, capital gains, and VAT for 49 years. The zone also permits 100% foreign ownership and the unrestricted repatriation of profits abroad.
Great financial centers are built by understanding what international capital and businesses need. Tamchy SFIT offers this by providing a reliable, flexible, and investment-ready platform for businesses seeking sustainable growth.
Companies from South Korea, the UAE, Hong Kong, Switzerland, and Kazakhstan are among the initial twenty global firms setting up operations within the SFIT. Ali Ijaz Ahmad, First Deputy Chairman of the Tamchy SFIT Management Council, emphasized the zone's commitment to providing a reliable, flexible, and investment-ready platform for businesses seeking sustainable growth. He noted that the SFIT is built on international gold standards and English Common Law, strategically positioned at the crossroads of five Eurasian Economic Union economies.
Serim CEO Seo Dong Hyun, one of the first executives to commit to the SFIT, shared his perspective on the importance of legal certainty. "In the thirty years I have invested in the semiconductor industry, advanced technology, and energy sectors, I have personally witnessed that legal certainty and trust in the regulatory system form the foundation of long-term investments," Hyun said. He added that the SFIT is built on these very principles, noting its remarkably rapid development compared to similar projects elsewhere.
In the thirty years I have invested in the semiconductor industry, advanced technology, and energy sectors, I have personally witnessed that legal certainty and trust in the regulatory system form the foundation of long-term investments. Tamchy SFIT is built on these very principles.
Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.