Which of the following describes a corporation formed under another country's laws?

A corporation formed under the laws of another country is termed a foreign corporation. This classification is based on the jurisdiction in which the corporation was established and operates. A foreign corporation typically operates in a country other than where it is incorporated, and it must comply with the local regulations and laws of the jurisdictions in which it conducts business.

In contrast, a domestic corporation would refer to a corporation formed under the laws of the country in which it is operating. Both open and close corporations pertain to the nature of share ownership and restrictions rather than the location of incorporation, making them not applicable in this context. Thus, identifying a corporation based on its jurisdiction points distinctly to it being a foreign corporation when formed under another country's laws.