At its first meeting, the Management Council of th,Ayaz Baetov (Minister of Justice) was elected Chair of the Council, and Ali Ijaz Ahmad and Bakyt Sydykov (Minister of Economy and Commerce) were elect,At its first meeting, the Management Council of the Tamchy Special Financial and Investment Territory (SFIT) appointed its leadership,

Ayaz Baetov (Minister of Justice) was elected Chair of the Council, and Ali Ijaz Ahmad and Bakyt Sydykov (Minister of Economy and Commerce) were elected Vice Chairs. These decisions marked the transition from regulatory preparation to operational readiness for the “Tamchy” SFIT.

The new leadership faces the task of establishing a fully-fledged management company before beginning work with residents. The meeting also approved the financial center’s development plan, internal operating regulations, and the first package of regulatory documents.

The management company has been tasked with finalizing the development of a comprehensive regulatory framework, preparing a service ecosystem for residents, and establishing an International Dispute Resolution Center, which will adjudicate disputes based on common law principles. The Council also organized the management company’s operations, appointing Talantbek Imanov as its head. The management company will become a key body of the SFIT: it will handle the registration of residents, the issuance of licenses, and the development of infrastructure across an area of approximately 6,000 hectares.

In parallel with the launch of regulatory mechanisms, the center is actively expanding its team. Qualification requirements for key positions have been established, and applications are now being accepted for core roles. Recruitment is already underway across the entire center, including the selection of a chairperson and judges for the International Dispute Resolution Center who possess recognized international qualifications. The search is underway for candidates with international profiles who will refresh the initial composition and strengthen the Council.

In the summer of 2026, the first SFIT business center will open on the shores of Issyk-Kul, where the management company’s offices will be located. This will mark the beginning of official engagement with the business community and the acceptance of the first residents.

“SFIT ‘Tamchy’ is being established as a favorable jurisdiction for international capital directed to Central Asia: based on the principles of English common law, supported by an independent judiciary, and operating according to the standards that investors expect from leading financial centers,” — noted Ayaz Baetov, Chairman of the Board.“Issyk-Kul is situated at the crossroads of the region’s largest markets—Central Asia, China, and the Middle East. Yet the nearest international-level financial center is thousands of kilometers away. Companies choose jurisdictions with transparent rules, a professional team, and independent arbitration. This is precisely the infrastructure we are building here from scratch—as a critical link to support the region’s growing economic integration,” noted Ali Ijaz Ahmad, Deputy Chairman of the Board of Directors of the Tamchy International Financial and Investment Trust (SFIT).

EGOV.KG

EGOV.KG