MARKET INSIGHT
Fast-tracking the resurgence of the UAE economy 2021 has been a year of renewed optimism and increased confidence in the UAE economy, as the Government’s tactical approach to managing the pandemic has swiftly put the country back on track ahead of its Middle Eastern and Western counterparts. Building on the momentum that the UAE government has set, Virtuzone has quickly launched projects meant to leverage this and further accelerate the business sector’s recovery
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ioneering cryptocurrency payments We have become the first company in our industry to accept cryptocurrency payments for business setup, a strategic move that underlines our commitment to continuously innovate the company incorporation process in the UAE and adopt the latest fintech solutions that help solidify the UAE’s position as a leader in the region’s Fourth Industrial Revolution. By initiating the acceptance of cryptocurrency payments, we seek to accelerate the implementation of cuttingedge digital technologies in the country and establish the UAE’s central role in creating a global borderless business hub. Our role is to catalyse start-up growth in the UAE & MENA region Since we started over 12 years ago, we have been consistently guided by an overarching principle; to empower entrepreneurs who will empower the national economy. Recognising the pivotal role we have in the UAE’s local business community, we continue to work alongside authorities
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George Hojeige CEO, Virtuzone
and private organisations to promote start-up development in the country and to provide them with a holistic support environment where they can get access to crucial resources such as funding, mentorship, technology and corporate infrastructure.
Banking and Finance news in the MEA market
As part of this undertaking, we have recently joined the BY Fund II, a US$50 million venture capital fund launched by BY Venture Partners to support earlystage start-ups, with the greater goal of linking the start-up sector of the UAE and MENA region with global markets. Taking part in the BY Fund II gives us the opportunity to tap directly into the burgeoning start-up sector, especially in the fields of finance, technology and innovation, and work more closely with the founders, investors and other stakeholders who are behind the next generation of disruptive solutions designed to put the UAE at the forefront of global disruptive innovation. In addition to collaborating with VCs and other investors, we have also increased our own start-up investment activities including taking on the lead role in the US$1 million investment round in HotDesk. By investing in HotDesk, one of the select start-ups we are working with, we hope to send the message that Virtuzone is more than just the leading corporate services provider in the country. We are
