In order to qualify as a candidate for the Rising Star Award, local companies must meet the following requirements: Not part of a multinational* group; Not a listed** company; A company duly incorporated in Malaysia in accordance with the Companies Act, 2016; Foreign equity holding does not exceed 50%; Must submit latest full audited financial statements or management accounts; Have been in business operations [either as sole proprietorship, partnership and/or company] for less than three (3) years at the closing date of the SOBA which is 10 November 2023; and Past grand winners of Rising Star are not eligible to apply.