Tamchy SFIT Opens First Business Centre, Marking Launch of Central Asia’s Emerging Financial Hub

Tamchy SFIT Opens First Business Centre, Marking Launch of Central Asia’s Emerging Financial Hub

Tamchy Special Financial Investment Territory has opened its first business centre on the shores of Lake Issyk-Kul in Kyrgyzstan, marking the beginning of operational activities. The project aims to become a major international financial hub, offering a zero-tax regime, English common law framework, and investment opportunities across global markets by 2035.

 

The Tamchy Special Financial Investment Territory (Tamchy SFIT) has taken a major step toward becoming a new international financial and investment destination with the opening of its first business centre on the shores of Lake Issyk-Kul in Kyrgyzstan. The development marks the territory’s transition from a regulatory framework to operational reality as it prepares to welcome its first resident companies.

The newly inaugurated 3,850-square-metre business centre provides modern office facilities, co-working spaces, multifunctional conference halls, and meeting rooms. A restaurant and café are also expected to begin operations within the complex in the coming months, further enhancing the infrastructure available to future residents and investors.

Highlighting the significance of the milestone, Ayaz Baetov, Chair of the Tamchy SFIT Management Council and Minister of Justice of the Kyrgyz Republic, said that the project has emerged at a time when international businesses are actively seeking new centres of trust and stability. He stated that the opening of the first business centre marks the beginning of real operational activity within the territory and reflects efforts to build financial and logistical connections between the markets of the Commonwealth of Independent States, Asia, the Middle East, Europe, and Africa. According to Baetov, the facility is now actively preparing to receive its first resident companies.

Ahead of the launch, the Management Council established the Management Company responsible for overseeing operations, approved the financial centre’s development plan, and adopted its first package of regulatory measures. The authority is also conducting a selection process for the Chair and judges of the International Centre for Dispute Resolution, an institution expected to play a key role in the territory’s governance and investor confidence framework.

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Tamchy SFIT was established under Law No. 136 of the Kyrgyz Republic on July 10, 2025. The territory spans approximately 6,000 hectares along the shores of Lake Issyk-Kul and has been designed to attract international investment through a distinctive legal and economic framework. Resident companies will operate under English common law principles, benefit from a zero-tax regime for 49 years, and retain the right to full repatriation of profits.

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The territory has set ambitious long-term objectives, aiming to host more than 3,900 companies and create over 10,000 jobs by 2035. The opening of the first business centre represents a significant milestone in that vision, positioning Tamchy SFIT as a potential gateway for investment, finance, and cross-border business activity connecting multiple global regions.

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