Probably worth pointing out that this wont anonymize your traffic — instead of coming from your home IP address, it will come from the IP address of a server registered against your name and payment details.
That's not to detract from the functionality it does offer; just making sure people don't get the wrong idea.
So, one has to just find a host that would respect their privacy and serve their country with a big warm fuck-you response when asked about owner details without a proper warrant, or - even better - that would only cooperate with local law enforcement and won't give a damn about other jurisdiction demands.
Or get a host with some form of anonymous payment, like Bitcoin.
That's not to detract from the functionality it does offer; just making sure people don't get the wrong idea.