From August 2016 the whole game changes with EU Part-NCC such that it may well be easier for private operations to just hand over to an AOC operator to manage the aircraft as they'll have to do much of the same in requirements for compliance as if they were public transport anyway.
And it covers any aircraft on any register that has a primary base within the EU - so you don't escape the rules by going on the Jersey or Manx or other no-EU registers, makes no difference.
Owners of privately operated turbine aircraft will have to create and maintain an Operations Manual including a safety management system (SMS), they'll need to submit their aircraft to a CAMO and they'll have to sign a declaration that they have fulfilled these obligations and assume responsibility and liability for their operations. If you dont want to or can't manage to do that yourselves, then the easiest option is to hand over to an AOC/Management company that already does these things - for a fee of course.
Got a year to go....