Rihanna will represent North America among the five artists.
Russian Eurovision winner Dima Bilan has been nominated for Europe, with South Korean singer Han Geng representing Asia Pacific.
Afro-Arabian artist Ahmed Soultan was chosen from Africa/India/Middle East and Brazilian band Restart round off the shortlist for Latin America.
The five have been whittled down from the 160plus acts that were a part of the voting competition.
The award will be presented as part of the 19th annual MTV EMA ceremony on Sunday, November 11.
Held in Frankfurt's historic Festhalle, the event will be hosted by supermodel legend Heidi Klum.
Taylor Swift, Muse, No Doubt, Carly Rae Jepsen, fun., Rita Ora, Alicia Keys, Pitbull, The Killers and Psy have been announced to perform at this year's EMAs.
Listen to Rihanna's 'Diamonds' below: