CcTLD Domain Names Subject to Home Country Governance (1.Viewing)

Country Code Top-Level Domains (ccTLDs) are internet domain name extensions that are designated for a country or sovereign state. Each is identified by two-letter codes such as .IT for Italy, .CA for Canada, and .IN for India. The primary purpose of a ccTLD is to show its association with a particular geographical locations.

Read more: ccTLD Domain Names Subject to Home Country Governance | DomainInvesting.com

I still think it's crazy for anyone to build a business on a foreign ccTLD

It's risking foreign interference with your company, there is a chance, if even remote that if someone challenges it and it's a local business they could give preference to that business and you could lose your domain.