Virtuzone, the UAE’s leading and award-winning provider of company formation solutions, corporate services, and tax consultancy, announced its acquisition by Ascentium, a Singapore-based global business services platform supporting over 20,000 active clients across 25 cities and nine markets in the Asia Pacific (APAC) region.
This pivotal acquisition—which includes Virtuzone’s sister companies Taxready.ae, Next Generation Equity, and MAKTABI—reinforces Virtuzone’s leadership in the UAE’s business landscape and empowers Ascentium to establish a strong presence in the country and tap into emerging markets in the Gulf Cooperation Council (GCC) region.
With the UAE’s foreign direct investment (FDI) inflows reaching USD 30.6 billion in 2023 and the Middle East’s GDP sustaining its pace to hit 3.9% in 2025, the acquisition aligns with Virtuzone and Ascentium’s unified vision to harness this opportunity and strengthen their presence in fast-growing markets in the region and beyond.
Through this acquisition, Virtuzone clients and partners will have the opportunity to scale globally and reach new markets, such as the Far East and Latin America, while streamlining compliance with international business laws and leveraging cutting-edge, AI-powered tools to digitise their processes, boost productivity, and improve customer satisfaction and retention.
Backed by Hillhouse Investment, an Asian private equity firm managing USD 100 billion in assets, Ascentium will infuse capital into Virtuzone, enabling the Dubai-based company to broaden its suite of corporate services, amplify its local footprint and resources, and serve as a springboard for Ascentium’s expansion from APAC to the Middle East.
Founded by Zhang Lei in 2005 with initial investor capital from the Yale University Endowment, Hillhouse is a leading diversified asset manager with strategies across equities, credit, and real assets. The firm manages capital for global institutions, including non-profit foundations, endowments, and pensions and has a proven track record of completing large complex transactions across more than 30 countries.
