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Whilst a growing number of econometric and survey-based studies have been published that focus on the macroeconomic factors which determine the level of foreign direct investment (FDI) in a country, relatively few studies exist that cover the link between FDI and laws, regulations and institutional arrangements that shape the daily economic activity in every country. The aim of this paper is to rectify this omission by seeking to establish connections between 25 quantitative indicators on business regulations, and the amount of foreign direct investment that can be expected accordingly. For the purposes of this research publicly available databases from the Internet were used. The research was conducted using a freeware program for data-mining, Orange Canvas. The focus was on the rule based approach, CN2 rule method. The findings of this research could be used to build an expert system for predicting the amount of FDI, based on the input of aforementioned business indicators.