Procedures began in April 2016 for the long awaited listing of the first infrastructure fund on the Tokyo Stock Exchange targeted at investments in renewable energy plants and other infrastructure facilities.
Among the various measures and issues to consider in advance of listing an infrastructure fund, in this Letter, we outline how infrastructure funds are formed (incorporation procedures) and explain a number of points related to relevant permits, leasing fees and tax requirements through a case study of Takara Leben Infrastructure Fund, Inc., the first fund to be listed.
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