New ventures bring world-class business formation and legal services to help companies grow internationally
DUBAI – As a result of increased interest from Middle Eastern businesses looking to set up operations in Russia, China, the Commonwealth of Independent States (CIS) and Central Asia, Virtuzone, the UAE’s leader in company formation and corporate services, has formed a joint venture with Seven Pillars, one of Central Asia’s leading law firms, to help facilitate company formation and legal services in those key regions of the world.
At the same time, to support access for businesses across the Middle East and North Africa to the world’s fastest growing region, Eurasia, Seven Pillars Law announces the opening of its Dubai office in partnership with Virtuzone.
“Virtuzone CIS” will be based in Central Asia’s leading financial centre, the Astana International Financial Centre (AIFC) in Kazakhstan. Since Seven Pillars also operates in Nur-Sultan (Kazakhstan), Cape Town, London and now Dubai, it can leverage its global locations for clients. AIFC is modelled on financial centres such as London, DIFC and ADGM, making it the perfect location for businesses to set up their companies. In addition to the ease of doing business in the AIFC, it provides the perfect gateway to safely maximise the opportunities of Central Asia, Russia and China. Virtuzone will leverage its broad suite of company formation and business support services, including company registration, bookkeeping, work permits, visas, VAT handling and related essential services for onshore and offshore companies.
This announcement comes on the heels of Virtuzone’s historic announcement in October when it created a joint venture with APEX Holdings called, “Virtuzone Israel,” following the signing of the Abraham Accords. After the signing of the accords, the UAE prepared for an uptick in trade between the Emirates and Israel.
“For many companies, a key inhibitor of international growth is not having a partner to help them navigate the administrative and legal requirements of doing business in a new country. With our long track-record of registering over 40,000 UAE-domiciled companies and our partnership with Seven Pillars, we are uniquely positioned to help Middle Eastern companies enter Central Asian markets and to provide the support services they will need for a seamless arrival,” said Virtuzone Chairman and Co-Founder Neil Petch. “We’ve launched Virtuzone CIS as part of our overall strategy for creating a borderless jurisdiction – a jurisdiction where companies can set up without restrictions, trade globally, exchange currency easily and seamlessly establish contracts between companies.”
“As one of Central Asia’s leading law firms, we are pleased to partner with the Middle East’s leading corporate service provider to deliver access to high growth markets across Central Asia, Middle East and North Africa. Opening our Dubai office is another milestone in the development of Seven Pillars’ global advisory practice, and although our network of 850 lawyers will still be offering best in class legal advice through our AIFC headquarters, we also want to be close to our clients,” said Seven Pillars Co-Founder Mark Beer. “The powerful combination of Seven Pillars Law and Virtuzone offers smooth sailing to those looking to navigate the choppy waters of some of the world’s most exciting and high growth markets.”