It started on 24 March 2012 and ended with the final on 25 August 2012.
EB/Streymur were the defending champions, having won their fourth cup title the previous year.
Only the first teams of Faroese football clubs were allowed to participate.
Teams from the highest division entered the competition in the first round.
[2] The two winners from the preliminary round, all ten clubs from the Faroe Islands Premier League and four clubs from the 1. deild entered this round.