Er, no! Perhaps in Ireland? In the UK the term "alcohol-free" can only be used if the drink has no more than 0.05% alcohol. However apparently it's allowed to use the term "alkoholfrei": take a look at the bottles of "Erdinger alkoholfrei" in UK supermarkets with tiny smallprint explaining that it's not alcohol-free (it's 0.5% and tastes quite good).
The rules may have changed fairly recently. They always used to sell "shandy" with 0.5% alcohol as a soft drink to children but I'm not sure if they still do that.
There's another rule that says you can't sell a drink that has the same brand name as an alcoholic drink to children, so children can't buy alcohol-free Heineken (which has 0.05% alcohol), for example.
(I think I read somewhere that they had to create a special exception for soy sauce in Australia because soy sauce can have up to 2% alcohol but obviously nobody's going to quaff it and if they did the 2% alcohol would probably not be their biggest problem.)