Doing Business in Malaysia VS Chile – A Comparison
Entrepreneurs and investors weighing their options between Malaysia and Chile are often choosing between Southeast Asia and South America—two very different regions, each with its own benefits. Malaysia stands out for its affordable cost of entry, digital readiness, and fast setup for SMEs. Chile is known for its political stability, strong institutions, and open economy in Latin America. This article helps you compare both countries so you can make an informed business decision based on your goals.
Key Comparison Points
Business Environment
- Malaysia: Malaysia provides a stable business environment, with government incentives and support through the Companies Commission of Malaysia (SSM) and SME-friendly policies.
- Chile: Chile offers legal transparency, strong investor protection, and free market principles, making it a top Latin American destination for business.
Taxation
- Malaysia: Malaysia’s corporate tax rate is 24%, and most capital gains are tax-exempt. Businesses may also benefit from sector-based incentives. Learn more in this Malaysia company registration guide.
- Chile: Chile has a corporate tax rate of around 27% and applies capital gains taxes depending on the type of asset and holding period.
Ease of Company Incorporation
- Malaysia: Setting up a company is fast and digital using the MyCoID system. Full foreign ownership is allowed in most sectors. Check out this guide to company incorporation in Malaysia or explore company incorporation services.
- Chile: Chile allows 100% foreign ownership and offers online company registration. However, certain industries require additional licensing and formalities.
Cost of Living and Business Operations
- Malaysia: Malaysia is known for affordable office space, utilities, and labor. These benefits make setting up businesses in Malaysia ideal for startups and SMEs.
- Chile: Chile has higher business and living costs than Malaysia, particularly in Santiago. However, the infrastructure and talent pool are reliable and modern.
Access to Markets
- Malaysia: As part of ASEAN and trade agreements like RCEP and CPTPP, Malaysia gives access to a combined market of over 600 million people. For expert help, contact 3E Accounting or explore our services.
- Chile: Chile maintains over 60 trade agreements globally, including with the US, EU, and China. It’s a strong gateway into Latin America and beyond.
Quick Comparison Overview
Here’s a quick overview of the key differences for easy reference.
| Factor | Malaysia | Chile |
| Business Environment | Stable, pro-investment, SME-focused | Transparent, open, institutionally strong |
| Corporate Tax Rate | 24% | 27% |
| Capital Gains Tax | Generally not applicable | Applies in specific situations |
| Ease of Incorporation | Fast, digital, 100% foreign-owned allowed | Online setup available, industry-dependent regulations |
| Business Costs | Low cost, strong value | Moderate to high in urban areas |
| Market Access | ASEAN, RCEP, CPTPP markets | US, EU, China, Latin America |

Benefits of Choosing 3E Accounting
Selecting the right partner is crucial when it comes to starting a business in Malaysia. At 3E Accounting, we offer a comprehensive range of solutions designed to simplify the entire process of company incorporation in Malaysia. From ensuring compliance with local regulations to providing expert guidance tailored to your specific needs, we make the journey seamless.
For entrepreneurs looking to navigate Malaysia company registration or explore company setup in Malaysia, our team provides unmatched expertise and support. Additionally, our company incorporation services are tailored to help you succeed in the competitive business environment.
With a deep understanding of the region’s business landscape, we also provide resources for setting up businesses in Malaysia, ensuring that every step is clear and efficient. Whether you need assistance with corporate secretarial or company secretary services, we are here to help.
To explore our services or discuss your business needs, contact 3E Accounting. With our strong presence in Malaysia and a proven track record, we are your trusted partner for success in Asia.
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Frequently Asked Questions
Malaysia offers a fully digital process with the MyCoID platform and allows 100% foreign ownership. Chile also supports online registration but may require additional documentation. Read this Malaysia company registration guide for full steps.
Malaysia’s corporate tax rate is 24% and there’s no capital gains tax in most cases. Chile has a 27% corporate tax and taxes capital gains depending on the situation.
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.