you know you can even use USA hosting. just make sure you do daily backups incase it does get taken down. I know many warez forums who operated using free USA hosting. They obviously don't submit to DDL's and they are more community based warez forums. Examples

Code: 
http://s9.zetaboards.com/CraneEstate/index/
that's not my site btw. Just using it as an example but they've been operating since 2008 with 10,000+ members and they've been using zetaboards and now it's 2011.... 3 years and they are still using zetaboards.