A co-operative is a legal entity and is deemed a merchant under the Commerce Act. Co-operative members can only be individuals, at least 7 in number. To participate in a co-operative, foreign persons should have permanent residence in Bulgaria. The right to vote at the general meeting may be exercised only in person. Every member is entitled to one vote, irrespective of his or her shares.
All members have rights to participate in the business and to share in the profits, etc.