Sumly.cy

Start your Cyprus company for 950€. All services.

About Sumly.cy

Sumly.cy is an AI-powered accounting platform designed specifically for businesses operating in Cyprus. It automates bookkeeping by categorizing transactions, matching receipts to bank feeds, and preparing VAT, VIES, and IP Box tax returns in line with Cyprus regulations. The platform also offers company formation services, payroll management, and invoicing tools. Users can choose between a self-service plan or a premium plan with a dedicated bookkeeper. Pricing starts at €39 per month, with a 30-day free trial available. Sumly.cy is intended for founders and businesses seeking to streamline their accounting and compliance tasks in Cyprus.

Best for: Cyprus business founders, Small business owners in Cyprus, Freelancers in Cyprus, Startups operating in Cyprus

Key features

Automates bookkeeping by categorizing transactions and matching receipts to bank feeds
Prepares VAT, VIES, and IP Box tax returns based on Cyprus regulations
Allows users to create and send invoices with automatic VAT coding
Supports payroll management including payslips and employer filings
Includes an AI assistant for real-time accounting queries and corrections
Offers company formation and registration services for Cyprus LTDs
Provides direct bank connection for automatic reconciliation
Enables auditor booking and year-end audit support

Use cases

Automating bookkeeping and tax compliance for Cyprus-based businesses
Preparing and filing VAT and VIES returns with minimal manual input
Managing payroll and employee filings within the same platform
Creating and sending invoices with Cyprus VAT compliance
Registering a new Cyprus company and handling compliance paperwork
Collaborating with accountants or auditors for year-end review

Pros

30-day free trial with no credit card required
Designed specifically for Cyprus tax and compliance needs
Option to add a dedicated bookkeeper for full-service support
Direct bank integration for automated reconciliation

Limitations

All prices exclude VAT

Screenshots

Reviews

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