Virtuzone PJSC
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Virtuzone PJSC - overview
Established
2009
Location
Dubai, -, United Arab Emirates
Primary Industry
Business Support Services
About
Founded in 2009 and based in Dubai, United Arab Emirates, Virtuzone PJSC offers expert business setup services in Dubai, specializing in simplifying the establishment process for international entrepreneurs aiming to penetrate the UAE market. In January 2025, Ascentium, a portfolio company of Hillhouse Investment, acquired Virtuzone PJSC. The firm’s core offerings include assistance with company formation, legal compliance, corporate tax and VAT advisory, bank account setup, and visa processing. By streamlining the paperwork and regulatory requirements, Virtuzone aims to facilitate efficient business operations for its clients.
The company’s target clientele includes over 80,000 business owners, founders, and expatriates looking for reliable support in navigating the complexities of the UAE business landscape. Virtuzone generates revenue through multiple avenues, primarily structured around service fees for business setup packages, ongoing compliance services, and consultancy engagements. The company operates on a fee-for-service model, with clients typically entering into agreements that include a comprehensive suite of services tailored to their specific business needs. The January 2024 acquisition will enhance Ascentium's corporate services and support its expansion in the Middle East.
Current Investors
Ascentium Global Services Holdings Pte. Ltd.
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Corporate Law, Offshore IT Services/IT Outsourcing, Accounting Services
Website
www.virtuzone.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Virtuzone PJSC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Virtuzone PJSC | - |
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