3. If you are in a partnership, think carefully about how that is going to work. Many people subsequently regret their choice of business partner or have no plan if one partner wants to leave the business (new business structures in Belgium require at least two partners or a higher level of initial investment) so you need to be prepared.

4. You must develop a formal and realistic financial plan. Local Knowledge can help you develop it.

5. Interview several accountants before you select one – if you aren’t sure what you should be asking, see our list of questions to ask an accountant.

6. Check out the free advice and support available in the different Belgian regions (Brussels, Flanders, Wallonia). They all provide some kind of support to new businesses ranging from subsidized office space to grant financing and you may be eligible.