Kyrgyzstan Proposes ‘Tamchy’ Special Investment Zone to Attract Global Capital
Kyrgyzstan is moving forward with plans to establish the Tamchy Special Investment Zone in the Issyk-Kul region, aiming to strengthen economic growth by attracting both local and foreign investments.
The Ministry of Economy and Commerce has introduced a draft bill that envisions a legal and economic framework tailored to stimulate development across several sectors, including tourism, manufacturing, wellness, and infrastructure. The zone will operate under a unique legal regime offering generous tax breaks, including exemptions from corporate income and property taxes, flexible terms for employing foreign workers, and unrestricted currency operations.
Authorities cite the success of the Dubai International Financial Centre (DIFC) and Kazakhstan’s Astana International Financial Centre (AIFC) as models, both of which have proven effective in drawing international capital and talent.
The Tamchy zone represents part of a broader reform strategy to improve Kyrgyzstan’s business environment and simplify its tax administration system.
