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ENTRY REQUIREMENTS

1- Eligibility Requirements for All Awards except Rising Star Award

In order to qualify as an applicant for any of the award categories listed except for the Rising Star Award, local enterprises must meet the following requirements:

  1. Not part of a multinational* group;
  2. Not part of a listed** group;
  3. A company duly incorporated in Malaysia in accordance with the Companies Act,2016;
  4. Foreign equity holding does not exceed 50%;
  5. Company has not submitted any proposal for initial public offering (IPO) up to the closing date of SOBA which is 4 December 2020;
  6. Must submit audited financial statements for past three (3) consecutive financial years; and
  7. Companies that have won the Platinum Award three years in a row in the same category shall observe a one-year cooling off period before applying for that category again.

2- Eligibility Requirements for Rising Star Award

  1. Not part of a multinational* group;
  2. Not part of a listed** group;
  3. A company duly incorporated in Malaysia in accordance with the Companies Act, 2016;
  4. Foreign equity holding does not exceed 50%;
  5. Must submit latest audited financial statement or management accounts; and
  6. 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 4 December 2020#; and
  7. Past winners of Rising Star are not eligible to apply
  8. *Note:

    * ‘Multinational’ refers to foreign-owned companies and brands with operations in multiple geographical locations. Malaysian- owned companies operating in multiple geographical locations are eligible to apply.

    * Where the business is a franchise, the Franchisor, not the Franchisee, should apply. The Franchisor should be Malaysian.

    **Not a holding company, related company or associated company of a public-listed group, including previously listed companies except where the previously listed company has been de-listed for more than 5 years.

    #Sole proprietorship refers to a business wholly owned by a single individual using personal name as per his / her identity card or trade name which is registered with Companies Commission of Malaysia (“CCM”) under the Registration of Business Act 1956. Partnership refers to business owned by two or more persons which is registered with CCM under the Registration of Business Act 1956 or the Limited Liability Partnerships Act 2012.

    For example, a sole proprietor has registered a business in year 2017 but commenced its business operation in February 2018. In year 2019, the sole proprietor converted his business into a company in accordance with the Companies Act, 2016.

    This company is eligible to participate in the Rising Star Award as it has been involved in business operation for less than three (3) years i.e. from February 2018 to December 2020 as at the closing date of SOBA.

3- Eligibility Requirements for Entrepreneur of the Year Award

    A. Male
  1. He must be a Malaysian citizen running the company which is registered in Malaysia in accordance with the Companies Act, 2016.
  2. Individual must be an owner / largest shareholder who is mainly responsible for the recent performance of the company that is at least three (3) years old
  3. Must submit the latest 3 years of audited financial statement of the company
  4. Past winner of Entrepreneur of the Year (Male category) shall observe a one - year cooling off period before applying for the same category.
  5. He must be at the age of above 35 by 4 December 2020.

4- Eligibility Requirements for Entrepreneur of the Year Award

    B. Female
  1. Past winner of Entrepreneur of the Year (Male category) shall observe a one - year cooling off period before applying for the same category.
  2. Individual must be an owner / largest shareholder who is mainly responsible for the recent performance of the company that is at least three (3) years old.
  3. Must submit the latest 3 years of audited financial statement of the company.
  4. Past winner of Entrepreneur of the Year (Young) is not eligible to reapply for the sub- category but may apply for the Entrepreneur of the Year (Male or Female) sub category if the requirements above are met.
  5. Individual must be at the age of 35 and below by 4 December 2020.

5- Eligibility Requirements for Entrepreneur of the Year Award

    C. Young
  1. Individual must be a Malaysian citizen running the company
  2. Individual must be an owner / major shareholder who is mainly responsible for the recent performance of the company that is at least three (3) years old
  3. Past winner of Entrepreneur of the Year (Young) is not eligible to reapply for the sub-category but may apply for the Entrepreneur of the Year (Male or Female ) subcategory if the requirements above are met.
  4. Individual must be at the age of 35 and below by 4 December 2020.

Contact Us

Star Media Group
c/o The Star Events Business Unit,
Menara Star, 15, Jalan 16/11,
46350 Petaling Jaya, Selangor

For enquiries, please email:
soba@thestar.com.my

03-7967 1388 ext 1871 / 1039 / 1104

(Mon - Fri, 9.00am - 5.30pm)