UAE economy is not reliant on oil, but is more diversified, relying heavily on trade, services and finance sectors. UAE many free zones are another aspect of the city’s growing economy. Established as a way of attracting more foreign investment, free zones adhere to unique laws regarding ownership, taxation and labor. Which require at least 51% ownership by UAE citizen, free zone businesses can have 100% foreign ownership. Legally, companies based in free zones are considered “offshore” so they are unable to trade within the city without an agent or distributor. Free zones also tend to assist new businesses in the set-up process.