The government of Kyrgyzstan has recently launched the Tamchy Special Financial Investment Territory (SFIT), a special economic zone designed to attract global investors, including business players from Indonesia. Strategically located near Issyk-Kul International Airport, this zone is projected to become a new financial hub connecting Central Asia with the rapidly growing Eurasian market.
The main attraction of Tamchy SFIT is its aggressive fiscal incentive policy, offering a zero percent tax rate across all major categories for 49 years. This move is seen as a serious effort by the local government to win the competition in attracting foreign direct investment (FDI) inflows amid tight global economic competition.
To overcome traditional obstacles such as regulatory uncertainty and bureaucracy, Tamchy SFIT implements a legal framework based on English Common Law. Additionally, local authorities provide an independent court and an international dispute resolution center to ensure transparent and consistent legal protection for foreign companies, including those from Indonesia.
In addition to legal certainty, operations in the zone are fully supported by an integrated digital platform. All business stages, from registration to routine operational management, can be conducted online. This is expected to cut through logistical and bureaucratic hurdles that have often been major obstacles for domestic companies looking to penetrate the Central Asian market.
Kyrgyzstan President Sadyr Japarov emphasized that the project adopts the best global standards to maintain regulatory consistency. Currently, the territory has attracted interest from various global companies spanning South Korea, the United Arab Emirates, and Switzerland. The government targets up to 4,000 companies operating in Tamchy SFIT by 2035, which is expected to serve as an economic anchor in the heart of Central Asia while opening strategic collaborations for the Indonesian business sector.
