Launch of the Tamchy Special Financial Investment Territory (SFIT)
Tamchy, Kyrgyzstan — On July 3, 2026, President Sadyr Japarov officially inaugurated the Tamchy Special Financial Investment Territory (SFIT), a new international jurisdiction situated on the scenic shores of Lake Issyk-Kul. With this establishment, the first cohort of residents includes companies from South Korea, the UAE, Hong Kong, Switzerland, and Kazakhstan, with more than twenty global companies currently in the residency application process.
During the launch ceremony, President Japarov symbolically activated a geotag-shaped switch, marking Tamchy SFIT’s prominence on the global financial landscape.
“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,” stated President Japarov.
Operating under principles of English common law, Tamchy SFIT features a dedicated financial regulator, an International Dispute Resolution Centre, and a single-window digital registrar. The newly introduced tax regime guarantees a zero percent rate on profits, dividends, capital gains, and VAT for 49 years, along with provisions for 100% foreign ownership and unrestricted profit repatriation.
Covering approximately 6,000 hectares, Tamchy SFIT is already home to a functioning business center, with hotels and residential structures under development. Furthermore, Issyk-Kul International Airport is conveniently located within walking distance.
“Great financial centres are built by understanding what international capital and businesses require. Tamchy SFIT offers a trusted, flexible, and investor-ready platform for businesses seeking sustainable growth,” commented Ali Ijaz Ahmad, First Deputy Chairman of the Tamchy SFIT Management Council.
One of the first entrepreneurs to establish a presence in Tamchy SFIT is Seo Dong Hyun, CEO of Serim, who expressed:
“Over the past thirty years of investing in the semiconductor industry, I’ve recognized that legal certainty and trust in the regulatory system are crucial for long-term investments. The rapid implementation of this project in just one year is particularly impressive. Today, I registered my family holding company here, viewing it not just as a short-term investment, but a legacy for generations.”
Tamchy SFIT symbolizes a significant developmental milestone for Kyrgyzstan’s economic landscape, positioning the nation as a competitive player in the international financial arena.
