Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
In my case, Office 2016 Pro Plus, the problem is due to a malfunction of the "ClickToRun" folder, located at C:\Program Files\Common Files\microsoft shared\ClickToRun.
If something goes wrong (unwanted/accidental file or folder deletion), the entire Office suite stops working.
The DLL AppVIsvSubsystems64.dllis located in the above mentioned folder and, if unreachable or damaged, will make the dialog box appear (AppVIsvSubsystems64.dll unavailable).
In that folder there are several dlls which can drive to an error if removed/corrupted (by a virus or something like that)...
My suggestion, for the Microsoft staff, is to make a small fix package - available to all the Office users - which will repair/reinstall that folder (and, of course, its contents) and make Office back to its running state.
Cheers