| J.G. RAE LIMITED | Other manufacturing | 1972 | Total exemption (full) |
| THULECRAFT LIMITED | Rubber and plastics | 1974 | Total exemption (full) |
| H.N.P. ENGINEERS (LERWICK) LIMITED | Repair and installation of machinery | 1974 | Total exemption (full) |
| JAMIESON'S SPINNING (SHETLAND) LIMITED | Textiles | 1983 | Total exemption (full) |
| REARO LAMINATES LIMITED | Wood products | 1991 | Small company accounts |
| SHETLAND FARM DAIRIES LIMITED | Food products | 1994 | Total exemption (full) |
| TAIT ELECTRONICS (SHETLAND) LTD. | Repair and installation of machinery | 1996 | Total exemption (full) |
| OCEAN KINETICS LIMITED | Fabricated metal products | 1997 | Medium company accounts |
| ELDI SCOTLAND LTD | Textiles | 1998 | Small company accounts |
| NORTECH MARINE LIMITED | Ships, aircraft, rail and other transport | 1999 | Total exemption (full) |
| MALAKOFF LIMITED | Repair and installation of machinery | 2003 | Total exemption (full) |
| LAURENCE ODIE (KNITWEAR) LIMITED | Clothing | 2004 | Total exemption (full) |
| ALEX. FULLERTON ENGINEERING LIMITED | Repair and installation of machinery | 2004 | Total exemption (full) |
| SHETLAND CONTROL SYSTEMS LIMITED | Repair and installation of machinery | 2006 | Total exemption (full) |
| QA FISH LIMITED | Food products | 2008 | Total exemption (full) |