The race consists of a men's, women's[2] and juniors' competition over a prologue and four or five stages, which are for elite cyclists and shorter distances for non-elite cyclists.

[6] For sponsor reasons the name of the tour was Statoil Kring Føroyar,[7] and later when the Faroese company changed its name from Statoil to Effo, the tour was called Effo Kring Føroyar.

In 2014 the race got a new main sponsor and the name was changed to Volvo Kring Føroyar.

[13] The road racers at the 2015 tour come from the Faroe Islands, Iceland and Denmark.

[15] Torkil Veyhe won the 2015 Tour of Faroe Islands, it took him 12 hours 51 minutes to race the 460 km route, Guðmundur Joensen was runner-up and Bjarke Vodder Nielsen took bronze.