Question

TimeForce, a U.S.-based company, is planning to expand operations to a foreign country. Considering the factors that make a country attractive as a place in which to do business, which country should TimeForce consider for entry?

Answer 1

Answer: Luxembourg

Explanation:

Luxembourg is a landlocked country in Western Europe with France to the south, Belgium to the west and Germany to the east. The country is second wealthiest country after Qatar, and one of the smallest in the world. Castles and churches dot its forests and rolling hills.

Luxembourg has fallen under the rule of many states and kingdoms since its emergence in the 10th century, but has always remained a distinct political unit. Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high standard of living. Luxembourg is a major center for large private banking, and its finance sector is the biggest contributor to its economy. In the 20th century Luxembourg became a founding member of several international economic organizations, including the European Economic Community, an iteration of which was eventually absorbed into the European Union.

For the second year in a row, Luxembourg is seen as the No. 1 country in the Open for Business subranking. It also held the position in 2016. The small Western European country is viewed as the No. 2 country for having a favorable tax environment and finishes in the top quarter in terms of transparent government practices and corruption. The World Bank scores the country No. 1 overall for allowing trade across borders, and ranks it highly for dealing with construction permits.