How to account for nominee investments & its return/dividends

There are restrictions in ownership of local companies in many countries. To overcome that if I own 70% of a local company, I can only declare 49% and tuck the remainder in a local nominee or partner. My question is, 1) in such cases, what are the ways that one account/disclose for the investments in the nominees? 2) more complicated still, if dividends are declared by the company, how are the dividends to the nominees (willing to return) able to be officially accounted for. I am not concern about paying tax- I just want to look for a way to get out of the closet,m in the holding company/country. Thanks.