Every VPN worth its salt is located in a similar country, as it's critical for a VPN to operate out of a jurisdiction that does not require log retention for a certain period of time nor cooperates with Five Eyes law enforcement.
EDIT: I've realised my claims about logging were overblown. But I'm not so insecure as to edit it out so here's a disclaimer :)
I'll admit I misread another comment on this post as them definitely being exposed for logging though, my mistake. I've been unable to corroborate it. I did find that the company openly admits it cooperates with law enforcement and does log on behalf of law enforcement.
Additionally there are so many other red flags I'm not inclined to believe anything they say.