ISSYK-KUL 6 July 2026, (The Capital Post) – Kyrgyzstan has officially launched the Tamchy Special Financial Investment Territory (SFIT), a new international financial and investment jurisdiction situated along the shores of Lake Issyk-Kul, marking a significant step in the country’s efforts to position itself as a regional hub for global business and capital.
The inauguration was led by Kyrgyz President Sadyr Japarov, who unveiled the project during a ceremony attended by international investors and business representatives. Companies from South Korea, the United Arab Emirates, Hong Kong, Switzerland and Kazakhstan were among the first entities to establish residency within the new financial territory, while additional firms from around the world are currently in the process of joining the initiative.
In his address, President Japarov described Tamchy SFIT as a strategic national project designed to meet the evolving needs of international businesses amid shifting global economic dynamics. He said the jurisdiction was created to provide a stable and innovation-friendly environment supported by an independent judicial framework, modern regulatory oversight and long-term investment certainty.
Operating under the principles of English common law, Tamchy SFIT features its own financial regulator, an International Dispute Resolution Centre and a digital one-stop registration system. The jurisdiction offers a range of incentives, including a 49-year tax exemption on corporate profits, dividends, capital gains and value-added tax, while also allowing full foreign ownership and unrestricted repatriation of profits.
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Spanning approximately 6,000 hectares, the development already includes a fully operational business centre, with residential and hospitality projects currently under construction. The site is also located within close proximity to Issyk-Kul International Airport, enhancing its accessibility for international investors and businesses.
According to Ali Ijaz Ahmad, the new jurisdiction has been structured to meet international standards while providing a trusted and flexible platform for businesses seeking sustainable growth across the Eurasian region. He noted that Tamchy’s location places it at a strategic crossroads linking multiple Eurasian Economic Union markets and trade corridors.
Among the early investors is Seo Dong Hyun, who announced the registration of his family holding company within the territory. He cited legal certainty, regulatory stability and the project’s rapid development timeline as key factors influencing his decision.
Tamchy SFIT aims to attract approximately 4,000 resident companies by 2035 and generate more than 10,000 jobs. The initiative is projected to contribute an estimated US$20 billion to Kyrgyzstan’s economy between 2026 and 2035, underscoring its role in the country’s long-term economic development strategy. – The Capital Post
