MEGA is now Hungary-based? What?
MEGA is now Hungary-based? What?
MEGA, the "privacy company," is now based in Hungary, via MEGA Privacy Kft in Csomád. Found this out on their "About us" page.
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That's not a real office address, if you search for the full address you will get a lot other companies as results.
So that's an address of a "headquarter provider" company, they are very common in Hungary. In Hungary companies have to pay different taxes based on where their HQ is, and taxes are lower in small villages like Csomád. I don't know how common is this elsewhere.
Here is a G* streetview of the house: https://maps.app.goo.gl/sQW19pN3c1m4qFuH8 But this should be irrelevant, just to see it's not even an office building
So they just have a Hungarian shell company? From publicly available local data I found, the company was established on 2025-02-27, with less than 10000 EUR capital.
Maybe they needed it to more easily operate in the EU?
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It's pretty common in the US too. A lot of companies are legally headquartered in Delaware. A lot of international companies have their EMEA HQ in Ireland.
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I was thinking the same thing, but don't they already have a Luxembourg company?
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Maybe @PrivateNoob@sopuli.xyz is right and it's for some tax benefits. But similar companies usually choose Ireland as a European foothold, if tax avoidance is an important factor.
The companies address on the NZ companies' office was not updated yet: https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/4136598/detail
And as I can see on other sites it's still owned by the same Hong Kong company.
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Kim dotcom always was shady to me tbh
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He left the company years ago, and told the public it was controlled by the NZ govt.
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Wow now that's interesting. Well corpo tax is apparently low in here, that might explain why.
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I stopped using MEGA recently, I think it's becoming shadier than ever... Who even owns MEGA at this point? I thought it was the government of New Zealand? Also, seems like they introduced ads into their mobile app, which is unacceptable imo
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Not joking I read it as maga
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I understand that it was an honest mistake to read as "maga", but you have to stop viewing the world through politics or have a phrase make your mind jump immediately to a political meaning of the phrase
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I didnt mention politics anywhere, it was your conclusion from this i just missread it and thought it was funny
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I was juuuust about to recommend Mega on my 'alts to big tech' part of my website, then I found this out... nope.
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When did they stop being Kiwi?
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When they were bought by a Chinese company.
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ffs. Guess I'd better move everything off and close my account, then.
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Link to the source.
Update the post. There's a link field in Lemmy.
20 comments