Hi Horus,
Another user also experienced the exact same error you are having:
https://answers.unrealengine.com/questions/19663/cant-run-ue4.html
He managed to resolve his issue by installing the VS2013 Redistributable package: http://www.microsoft.com/en-us/download/details.aspx?id=40784
Can you confirm that the above is the version that you have installed?
Thanks