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Piccadilly & Co and Yas Real Estate agree on Fund Structure and Strategy

Both parties agreed to set up a Small Registered Alternative Investment Fund based in the UK, which will be registered with the FCA and offering virtually equivalent tax efficiencies as other off-shore jurisdiction but with lower operational costs.

The fund will be launched under the name Nafel Capital and quotes are being obtained from leading tax and legal advisors and from reliable fund operators. Submission to the FCA will start once the corporate structure will be incorporated.

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