Kyrgyz President Sadyr Japarov has signed a new law establishing a special financial investment territory in the Issyk-Kul region. The legislation, titled “On the Special Financial Investment Territory ‘Tamchy’ with a Special Legal Regime and Status,” was approved by the Jogorku Kenesh (parliament) on June 19.
The law codifies Japarov’s earlier presidential decree of March 17, which called for the creation of a special investment zone with its own legal framework and an independent international center for dispute resolution based on English law.
Investment Zone with International Standards
The Tamchy Special Financial Investment Territory is intended to attract both foreign and domestic investment, improve Kyrgyzstan’s overall investment climate, and boost key sectors such as manufacturing, tourism, wellness, and transport infrastructure.
The zone will operate under a special legal regime that includes tax preferences and other incentives for investors. A key innovation is the establishment of an International Center for Dispute Resolution, which will resolve investment-related disputes under English common law, a legal system grounded in judicial precedent and widely used in global financial hubs like London, Dubai, and Singapore.
Legal Certainty to Attract Investors
By introducing English common law into its investment framework, Kyrgyzstan hopes to create a more transparent and investor-friendly legal environment. Supporters of the initiative argue that legal predictability is essential to building investor confidence and attracting long-term capital.
The government has positioned the Tamchy zone as a cornerstone of its broader economic strategy. The aim is to stimulate socio-economic development, align with international financial and legal norms, and position Kyrgyzstan as a competitive investment destination in Central Asia.
