Likely frontrunners include Andrey Zvyagintsev's Leviathan from Russia and Paweł Pawlikowski's Ida from Poland, but the list also includes ScreenAnarchy favourites Force Majeure from Sweden's Ruben Östlund and Argentinian offering Wild Tales from Damián Szifrón.
But the list also includes a few surprises, including Mauritania's Timbuktu, Estonia's Tangerines, Netherlands' Accused, Georgia's Corn Island and Venezuela's The Liberator. The final list of five nominees will be announced, along with the rest of this year's Academy Award Nominees, on 15 January 2015.
The full list of films still in contention:
Argentina - Wild Tales (Damián Szifrón, director)
Estonia - Tangerines (Zaza Urushadze, director)
Georgia - Corn Island (George Ovashvili, director)
Mauritania - Timbuktu (Abderrahmane Sissako, director)
Netherlands - Accused (Paula van der Oest, director)
Poland - Ida (Paweł Pawlikowski, director)
Russia - Leviathan (Andrey Zvyagintsev, director)
Sweden - Force Majeure (Ruben Östlund, director)
Venezuela - The Liberator (Alberto Arvelo, director)