New Managing Company Established by Tamchy SFIT Prepares for Operations

At its first meeting, the Tamchy Special Financial Investment Territory (Tamchy SFIT) Management Council established its senior leadership team. Aiaz Baetov, Minister of Justice, has been chosen Chair of the Council, while Ali Ijaz Ahmad and Bakyt Sydykov (Minister of Economy and Commerce) have been appointed Deputy Chairs.

These operations marked a significant transition from legislative groundwork to operational readiness for the Tamchy SFIT. Before launching resident activities, the newly selected leadership team must first establish a fully operational Managing Company.

The meeting also authorized the financial centre’s development strategy, internal operating procedures, and an initial set of regulatory measures. The Managing Company has been tasked with creating the entire legislative framework, designing the resident services ecosystem, and constructing the International Centre for Dispute Resolution. These will settle conflicts using common law principles.

Aiaz Baetov outlines the development direction of Tamchy SFIT during the inaugural meeting of its Management Council. Doc. Lotus Production

The council also founded the Managing Company, with Talantbek Imanov as its CEO. The Managing Company will be the SFIT’s primary operating entity, overseeing resident registration, licensing, and infrastructure development within an area of around 6,000 hectares.

In Detail

Along with the regulatory build-out, SFIT Tamchy is continuously increasing its personnel. The have developed qualification standards for important roles, and applications are now open for core positions. Recruitment is currently underway throughout the centre, including the appointment of a Chair and judges for the International Centre for Dispute Resolution with established international credentials. A search is underway for people of worldwide reputation to refresh the initial composition and strengthen the Council.

The SFIT’s first business center, which will house the Managing Company’s offices, will open on the shores of Lake Issyk-Kul in the summer of 2026, kicking off formal engagement with enterprises and welcoming its first residents.

“The Tamchy SFIT is being established as a favourable jurisdiction for international capital deployed across Central Asia: grounded in English common law principles, served by independent justice, and operated to the standards investors expect of leading financial centres,” said Aiaz Baetov, Chair of the Tamchy SFIT Management Council.

“Issyk-Kul sits at the intersection of the region’s largest markets — Central Asia, China, and the Middle East. Yet the nearest international financial centre is thousands of kilometres away. Companies tend to operate out of jurisdictions that offer transparent rules, professional teams, and independent arbitration. That is precisely the infrastructure we are building here from scratch as a critical linchpin to support the region’s growing economic integration,” said Ali Ijaz Ahmad, Deputy Chair of the Tamchy SFIT Management Council.