Log hours in private flying?

[m4x]

Hi

Can a pilot holding a JAR C525 co-pilot rating log hours as F/O if:

- The flight is private (Company meeting)
- Cpt holds a JAR C525 single pilot rating (Also owner of the company)
- Passenger onboard (from the company)
- The pilot holding this JAR C525 co-pilot rating gettig paid
- The aircraft owner is the company but the aircraft is registered on an AOC from a real airline

???????????????