INDEX / DIRECTORY / SURFSHARK / ECONOMIC

Surfshark ECONOMIC

ECONOMIC AUDIT UPDATED 2026-08-29
Economic Score 0.00 /10 E Surfshark - BDS-1000 0
Economic 0.00

Evidence-only forensic audit. Scoring happens downstream - see the main dossier for the composite assessment.

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Economic Audit: Surfshark

Supply Chain & Sourcing Relationships

Surfshark’s identified Israel-facing offering is a digital VPN service that advertises Israeli virtual-server access, rather than a physical-product supply chain 1.

No public evidence identified of Surfshark purchasing, importing, distributing, or white-labelling physical goods from Israeli suppliers 123.

No public evidence identified of an Israeli importer-of-record entity, agricultural sourcing arrangement, or seasonal procurement relationship 123.

The reviewed materials do not identify the host, data-centre address, hardware owner, local contracting entity, or physical location of the advertised Tel Aviv VPN endpoint 1.

Product Origin, Labeling & Regulatory Compliance

No public evidence identified of Surfshark selling settlement-origin goods or making country-of-origin labelling claims for goods from occupied or contested territories 12.

No public evidence identified of Surfshark customs, product-labelling, DEFRA, or comparable regulatory enforcement connected to Israeli or occupied-territory goods 12.

Surfshark’s current privacy policy identifies Surfshark B.V., Kabelweg 57, 1014BA Amsterdam, Netherlands, as the data controller for its services 4.

An independent reasonable-assurance report addressed to Surfshark B.V.’s board records the same Amsterdam address and covers procedures relating to Surfshark VPN-service systems from 14 May to 10 June 2025 5.

Investment, Capital & Financial Exposure

Nord Security and Surfshark announced in February 2022 that they had finalized a merger agreement while continuing to operate autonomously 6.

Surfshark states that it and Nord Security merged under one holding company in 2022 while continuing to operate independently 7.

Nord Security reported a separate US$100 million financing round led by Novator Ventures, with participation from Burda Principal Investments and General Catalyst 8.

Nord Security’s April 2022 financing announcement also names founders and angel investors among the round’s participants, but does not disclose Surfshark B.V.’s ownership percentages, the common holding company’s legal identity, or ultimate beneficial ownership 9.

No public evidence identified of Surfshark direct investment in Israel or the occupied territories, an Israeli R&D facility, an acquisition of an Israeli operating company, or holdings in Israeli-domiciled companies or Israel-focused funds 168.

Operational Presence & Market Activity

Surfshark currently advertises eight Israeli VPN servers and instructs users to select Tel Aviv servers to obtain an Israeli IP address 1.

The Israeli-server page verifies a marketed Israeli virtual-server location, but does not establish that the endpoint is physically hosted in Israel 1.

Surfshark states that it is based in the Netherlands and has offices in Vilnius and Kaunas, Lithuania, Warsaw, Poland, and Berlin, Germany 7.

Surfshark states that it employs more than 500 people 7.

The reviewed corporate and assurance materials do not identify an Israeli office, branch, workforce, tax registration, support centre, warehouse, retail site, government contract, or occupied-territory operating location 1457.

No public evidence identified of Surfshark activity in a West Bank, East Jerusalem, or Golan Heights settlement 168.

Corporate Structure & Foundational Ties

Surfshark B.V. is identified in the Global LEI System record as a Netherlands besloten vennootschap with Chamber of Commerce number 81967985 and an entity-creation date of 22 February 2021 10.

The LEI record lists Surfshark B.V.’s legal and headquarters address as Kabelweg 57, 1014BA Amsterdam, Netherlands, and shows the entity as active while its LEI registration is lapsed 10.

Surfshark identifies Vytautas Kaziukonis as founder and Chairman of the Board and Dovydas Godelis as CEO 7.

Surfshark’s published leadership list also includes Laurynas Zabulis as CFO, Donatas Budvytis as CTO, Saulius Maslinskas as Chief Product Development Officer, Tomas Stamulis as Chief Security Officer, and Gytis Malinauskas as Head of Legal 7.

The February 2022 merger announcement names Surfshark founder Vytautas Kaziukonis and Nord Security co-founder Tom Okman, and places the release in Amsterdam and Vilnius 6.

No public evidence identified in the reviewed sources that Surfshark was founded in Israel, is headquartered or principally managed in Israel, is controlled by Israeli capital, or has Israeli state ownership or governance ties 467910.

The reviewed materials do not disclose the common Surfshark/Nord Security holding company’s legal identity, transaction mechanics, ownership percentages, or ultimate beneficial ownership 689.

Profit Repatriation & Economic Contribution

The Israel-facing VPN page establishes availability of Surfshark’s service to users seeking an Israeli IP address, but does not disclose customer numbers, revenue, commissions, or profit flows 1.

No public evidence identified of Israel-specific Surfshark revenue, profit repatriation into Israel, Israeli tax contribution, or designation as an Israeli sector employer or infrastructure provider 168.

The available group financing and merger disclosures do not provide Israel-segment financial reporting for Surfshark 689.

No public evidence identified of a public Israeli tax residency, preferred-technology-enterprise status, or Israeli operating-company acquisition by Surfshark 46710.

Footnotes

  1. https://surfshark.com/servers/israel ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13

  2. https://www.topcash.co.il/store/Surfshark/4518 ↩ ↩2 ↩3 ↩4

  3. https://sb.nordcdn.com/m/74af8448061102b6/original/nord-security-year-in-review-2022.pdf ↩ ↩2

  4. https://surfshark.com/privacy ↩ ↩2 ↩3 ↩4

  5. https://surfshark.com/wp-content/uploads/2025/06/ISAE_3000-_Report-Surfshark_No_Log_VPN.pdf ↩ ↩2

  6. https://www.prnewswire.com/news-releases/nord-security-and-surfshark-join-forces-to-strengthen-positions-in-the-cybersecurity-industry-301473286.html ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  7. https://surfshark.com/about-us ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  8. https://sb.nordcdn.com/m/74af8448061102b6/original/nord-security-year-in-review-2022.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  9. https://nordsecurity.com/blog/nord-security-raises-outside-capital-16-B-valuation ↩ ↩2 ↩3 ↩4

  10. https://lei.bloomberg.com/leis/view/254900STIEA4WRWRNV37 ↩ ↩2 ↩3 ↩4