Published
06/16/2025, 18:12Today, 16 June, the Committee on Budget, Economic and Fiscal Policy of the Parliament of the Kyrgyz Republic reviewed and approved the draft law «On the Tamchy Special Financial Investment Territory with Special Legal Regime and Status».
The deputies also reviewed and approved the draft law ‘On Amendments to Certain Legislative Acts on the Special Financial Investment Territory “Tamchy” with Special Legal Regime and Status,’ the draft constitutional law «On Amendments to Certain Legislative Acts» and «On the Chamber of Accounts of the Kyrgyz Republic» in three readings.
The initiator of the bills is the Prime Minister. Information on the bills was presented by the Minister of Economy and Commerce, Bakyt Sydykov.
The bill «On the Tamchy Special Financial Investment Territory with a special legal regime and status» aims to create and develop a unique economic zone that will help attract foreign and local investment, improve the investment climate and develop various sectors of the economy, such as manufacturing, tourism, health resorts, transport infrastructure and others.
The draft law establishes the legal basis for the functioning of the financial investment territory, defines its status, the procedure for its creation, and the organisation of management and regulation of activities within the zone.
The draft law ‘On Amendments to Certain Legislative Acts on the Special Financial Investment Territory «Tamchy» with a Special Legal Regime and Status’ has been prepared to create and optimise the legal framework for the functioning of the special financial investment territory «Tamchy».
