The inauguration ceremony witnessed the registration of the first resident companies from South Korea, the United Arab Emirates, Hong Kong, Switzerland, and Kazakhstan. In addition, 20 companies from different parts of the world are currently in the process of establishing residency within Tamchy SFIT, reflecting growing international interest in the new financial territory.
The ceremony concluded with President Sadyr Japarov symbolically activating a geotag-shaped switch, formally placing Tamchy SFIT on the global financial map.
Addressing the gathering, President Japarov said that rapid changes in the global economy are creating demand for new centres of business activity that support international standards, innovation, and long-term investment. He described Tamchy SFIT as a national project designed to meet the evolving needs of international businesses. He stated that the territory is being developed as a financial centre built from the ground up, featuring an independent court, a modern financial regulator, and a legal framework designed to remain stable despite changing global trends. Expressing confidence in the project, he said Tamchy SFIT would open a new chapter in the history of Kyrgyzstan.
Operating under the principles of English common law, Tamchy SFIT has established its own financial regulator, an International Dispute Resolution Centre, and a single-window digital registrar to simplify business registration and regulatory processes. The territory also offers a special tax regime that guarantees a zero percent tax rate on corporate profits, dividends, capital gains, and value-added tax for 49 years. Investors are further permitted 100 percent foreign ownership and unrestricted repatriation of profits.
Spread across approximately 6,000 hectares, Tamchy SFIT already has a fully operational business centre, while hotels and residential developments are currently under construction. The territory also benefits from its strategic location, with Issyk-Kul International Airport situated within walking distance.
Ali Ijaz Ahmad, First Deputy Chairman of the Tamchy SFIT Management Council, said successful financial centres are built by understanding the needs of international capital and businesses. He stated that Tamchy SFIT provides a trusted, flexible, and investment-ready platform for companies seeking sustainable long-term growth. According to him, the jurisdiction has been benchmarked against international standards, operates under English common law, and is strategically positioned at the intersection of five Eurasian Economic Union economies and the broader Eurasian corridor, offering businesses a neutral, independent, and stable investment destination.
Among the first international executives to establish operations in Tamchy SFIT was Seo Dong Hyun, Chief Executive Officer of Serim. Speaking after registering his family holding company in the new jurisdiction, he said that more than three decades of investment experience in the semiconductor industry, high technology, and energy sectors had demonstrated that legal certainty and confidence in the regulatory framework are fundamental to long-term investment. He praised the speed at which the project was completed, noting that a development of this scale had been delivered in just one year, faster than any other jurisdiction known to him. He added that his investment in Tamchy SFIT was intended not only for the present but for future generations.
The ambitious project has set a long-term target of attracting nearly 4,000 resident companies and generating more than 10,000 jobs by 2035. Between 2026 and 2035, Tamchy SFIT is expected to contribute approximately USD 20 billion to the economy of Kyrgyzstan, underscoring its significance as one of the country's most important economic and financial development initiatives.
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