The territory aims to attract investment by offering income tax exemption to residents and permitting activities such as asset management, fintech, banking, Islamic finance, insurance, tourism, and other commercial ventures.
Kyrgyzstan’s President Sadyr Japarov signed Law No. 136 on 10 July 2025, establishing the “Tamchy” special financial and investment zone in the Issyk-Kul region, effective 25 July 2025, to drive socio-economic growth, adhere to global financial and legal standards, and establish Kyrgyzstan as a competitive investment hub in Central Asia.
The territory aims to attract investment by offering a 49-year income tax exemption to residents and permitting activities such as asset management, fintech, banking, Islamic finance, insurance, tourism, and other commercial ventures.
Prohibited activities include weapons manufacturing, mineral extraction, and alcohol and tobacco production.
Tamchy will be managed by a private company authorised by the Cabinet of Ministers, with financial activities overseen by an independent regulator separate from Kyrgyzstan’s National Bank. This includes the regulation of virtual assets, exchanges, and crypto-banks.
Another key aspect of this law is the establishment of an International Centre for Dispute Resolution. This dedicated arbitration centre aims to resolve civil disputes using English law, thereby boosting foreign investor confidence and promoting an effective legal environment for business.
