Shrimp does not cause dogs any harm. However, it has high cholesterol, so best to avoid it in large quantities. As a result, shrimp are an excellent option for dogs on a diet since they are low in fat, calories, and carbs. On the other hand, the cholesterol content of shrimp is rather considerable.  This implies that although a small amount of shrimp might be a healthy treat for your dog, overconsumption of shrimp can raise your dog's cholesterol levels.