The “Tamchy” Special Financial Investment Territory: An Overview of the Legal Framework and Institutional Structure
The “Tamchy” Special Financial Investment Territory (hereinafter referred to as the “Tamchy” SFIT) constitutes a designated part of the Issyk-Kul Region of the Kyrgyz Republic, with boundaries determined by the President of the Kyrgyz Republic1 (Law of the Kyrgyz Republic No. 136 of July 10, 2025, “On the Special Financial Investment Territory “Tamchy” with a Special Legal Regime and Status,” hereinafter referred to as the Law on the “Tamchy” SFIT).
The establishment of the “Tamchy” SFIT is aimed at fostering economic development in the Kyrgyz Republic, attracting investment, improving the investment climate, and creating a competitive investment jurisdiction. This includes the development of the financial sector, infrastructure, tourism, and other industries.2
Since the adoption of the Law on the “Tamchy” SFIT, its provisions are being implemented through amendments to national legislation and the adoption of secondary legislation governing specific aspects of the territory’s functioning.
