Luxembourg

"So the Presidential Hotel is owned by these nested shell companies. It's just one company who owns another and another- Anyway, I tracked them from here to the Caymans to Luxembourg."

- Karen Page to Mitchell Ellison

Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in western Europe.

History
Being incarcerated in Ryker's Island, Wilson Fisk used his shell companies in Luxembourg and Cayman Islands to secretely purchase Presidental Hotel. Karen Page managed track companies' transactions from New York City to Luxembourg and learned that all of them are represented in the United States of America by Fisk's law firm Donovan and Partners.