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Instantiating Visum from
Set VISUM = CreateObject('Visum.visum.110')
leads to the error message: 'Permission denied'

The licence used does not hold the module 'COM interface' and that is the reason for the error message.
You can check this in the dialog Extras -> License

- Check the wanted license for the module 'COM interface'. Make sure to be using the current license file available at http://cgi.ptvgroup.com/cgi-bin/en/intern/tcs_download.pl

- If this module is still missing, please notify ordermanagement@ptvgroup.com.

Additional tips:
- Make sure to be using the correct class ID:

- If you have multiple identical installations, using slightly different licenses, register the one you need again (with administrator credentials).