Update: This method works on Apple TV from 2012 too. The Apple TV is just awesome. One of the coolest features is the Netflix integration that brings streaming to the flat screen in a very affordable and stylish way. If you live in the US you will be streaming away in no time, but if you live outside the US in Europe, Asia or anywhere else for that matter you will quickly discover that Netflix access is blocked outside the US.
Luckily for us there is a way to fool Netflix into thinking we are within the US when in fact we are not. The keyword here is VPN. VPN stands for Virtual Private Network and will connect you to a remote server that will act as a middleman between you and Netflix. If the VPN server is located in the US, then Netflix will think you are too and thus allow you to stream.
There are several VPN providers on the market, but frankly only a handfull is any good. I recommend Hide My Ass as they have great speeds for streaming and a whole range of servers to choose from.
You don’t need an American credit card when signing up for Netflix – just make sure that you use a 5 digit zip code (90210 comes to mind) and you can use any valid card you like.
So now you have a VPN account with Hide My Ass and you are ready to go – almost. See the problem is that the Apple TV does not have a VPN client build in. So in order to connect to VPN we need to do it outside the Apple TV.

The trick is sharing a VPN connection from a device that is already connected to a VPN. There are 3 options you can use:
Last but not least you need to set your Apple TV location to United States in the setting in order for the Netflix app to turn up at all. Of course you will still need the above setup in order to stream from outside the US on your Apple TV 2.
When signing up for Netflix from your computer you need to be connected to VPN too in order for the signup to work. Netflix will check your location on the last step, and if they detect you are not in the US, then the signup will fail. That is about it – so get cracking and enjoy your Apple TV the way it was intended. Just to clarify this of course also work for all of you who recently got an Apple TV 2 after Apple started selling them in Belgium, Luxembourg, The Netherlands, Sweden, Denmark, Norway and Finland as well.