Sumly.cy

Why it exists

Sumly.cy provides complete business solutions for founders in Cyprus. They register your Cyprus LTD company for exactly €950, handling all the UBO, tax, and VAT registrations 100% guaranteed. They also supply expert yellow slip help, nominee services, digital post, and audit assist. Sumly's best aspect is its AI accounting software, made strictly for Cyprus tax compliance. It automates bookkeeping fully: drag, drop or mail receipts, and it logs them to VAT codes. It also generates VAT, VIES, and IP Box returns natively while offering invoicing features. Why is Sumly better than Cybooks? Cybooks charges a massive €540/mo for the concierge help. By contrast, Sumly's AI-driven approach cuts a founder workload to just 10 minutes a month. This amazing efficiency saves standard clients €3,210 annually compared to older tax firms. Sumly completes all, providing full company formation better and cheaper with AI; Cybooks only does accounting and is full of errors according to our clients.

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