All about Leu for your business
You want to take the first step towards sustainability, equal opportunities and a stronger local economy? Then you've come to the right place! Read through the documents here or have them sent to you by email.
By offering leu, you and your business not only support the sustainable development of Zurich, but also lay the foundation for a social and thriving business.
The Leu community becomes aware of you. With Leu, you can generate additional turnover through new customers and pass this on to your employees.
You also give people access to your products who did not have it before. This way, everyone can participate in the local Zurich economy.
Strengthening the local economy
Because Leu is a local currency, it can only be spent in Zurich. This way you show that you support the local economy.
What businesses say about Leu
How the Leu comes into your business
Here you will find an overview of how the leu behaves in everyday business, in the sale of products, in the exchange rate and as a means of payment.
Sell your products with Leu
You can offer all your products or services in exchange for Leu, or just a part of them. In addition, you can use the leu to create additional purchase incentives, for example for products that are close to their best-before date. It's up to you to decide how you see the best use of leu for your products. If you need advice, our well-trained marketing team will be happy to assist you.
Exchange rate and fees
The current exchange rate of the leu is assumed to be 1:1 to the Swiss franc.For technical reasons, a minimum fee of LEU 0.01 is charged for each transaction, regardless of the amount. The fees are paid automatically by the sending person. On amounts paid with Leu, the usual VAT (standard rate: 7.7% - reduced rate: 2.5% - special rate for accommodation: 3.7%) must be paid in Swiss francs. A separate information sheet exists for accounting purposes. A monthly overview of your own Leu transactions can be accessed online.
Leu in everyday trade
You can accept leu, as with Twint, by placing a display with a QR code at the checkout that your customers scan via the "Encointer Wallet" app. Alternatively or in addition to this, you can also accept payments using a smartphone or tablet via the "Encointer Wallet" app.
To do this, enter the amount in the app and have your customers scan the QR code. The Leu team will be happy to give introductions and answer any questions you may have.
Leu for your employees
Salary: You can discuss with your employees whether they would like to receive part of their salary in Leu. It is important to agree on this beforehand and to make sure that the amount is stated in CHF in the employment contract.
Gifts in kind: LEU can be given to employees as a tax-free gift in kind, for example on special occasions such as weddings or service anniversaries. The amount should not exceed CHF 500 per event.
Discounting: The company can offer employees a discount on the purchase of LEU, similar to Reka checks. For example, LEU can be sold at a 20% discount. As long as the discount does not exceed CHF 600 in total per year (which corresponds to a purchase of 3000 LEU), it is tax-free and does not require a salary declaration. If the amount exceeds the 600 CHF, it must be declared as a fringe benefit. More info.
You still have questions?
Questions and answers
Here we have put together an overview of questions and the corresponding answers that we have often encountered. If you still have questions, you will find a contact form directly below this section, which you are welcome to fill out with questions.