President Sadyr Japarov of the Kyrgyz Republic inaugurated the Tamchy Special Financial Investment Territory (SFIT) on the shores of alpine Lake Issyk-Kul. The launch ceremony saw the first residents—companies from South Korea, the UAE, Hong Kong, Switzerland, and Kazakhstan—join the new international jurisdiction. Twenty more global firms are in the process of establishing residency.
Symbolic Activation and Vision
President Japarov symbolically activated a geotag-shaped switch, placing Tamchy SFIT on the global financial map. He stated, "Changes in the global economy are driving demand for new centers of business activity where international standards are supported by true freedom of innovation and long-term investment. Tamchy SFIT is our national project and our response to the needs of international businesses. We are building a financial center from scratch with an independent court, a modern regulator, and rules that won't change with shifting trends. I have no doubt that Tamchy SFIT will open a new chapter in the history of Kyrgyzstan."
Legal and Tax Framework
Operating on English common law principles, Tamchy SFIT features its own financial regulator, an International Dispute Resolution Centre, and a single-window digital registrar. A special tax regime guarantees 0% tax on profits, dividends, capital gains, and VAT for 49 years, with 100% foreign ownership and unrestricted profit repatriation.
Infrastructure and Location
Covering about 6,000 hectares, Tamchy SFIT already has a fully operational business center, with hotels and residential buildings under construction. Issyk-Kul International Airport is within walking distance. Ali Ijaz Ahmad, First Deputy Chairman of the Tamchy SFIT Management Council, said, "Great financial centres are built by understanding what international capital and businesses require. Tamchy SFIT offers exactly that—a trusted, flexible, and investor-ready platform for businesses seeking sustainable growth. Benchmarked to international gold standards, grounded in English common law, and positioned at the intersection of five EAEU economies and the Eurasian corridor, it offers a jurisdiction that is neutral, independent, and built to last."
Early Investor Perspective
Seo Dong Hyun, CEO of Serim, one of the first executives to set up in Tamchy SFIT, commented, "Over the past thirty years of investing in the semiconductor industry, high technology, and energy, I have come to appreciate that legal certainty and trust in the regulatory system are the foundation of long-term investment. These are the very principles on which the Tamchy SFIT was established. What is particularly remarkable is that a project of this scale was delivered in just one year—faster than in any other jurisdiction I know. Today, I registered my family holding company here. For me, this is not an investment for years, but for generations."
Economic Targets
By 2035, Tamchy aims to attract around 4,000 resident companies and create over 10,000 jobs. The expected contribution to Kyrgyzstan's economy between 2026 and 2035 is estimated at USD 20 billion.
