The 2001 Faroe Islands Cup was played between 3 March and 29 July 2001. The cup was won by B36 Tórshavn.
The matches were played on 3, 7 and 11 March 2001.
The matches were played on 15 and 16 March 2001.
The second round (group stage) was played between 17 March and 19 April 2001.
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The matches were played on 22 April 2001.
The first legs were played on 13 May and the second legs on 24 May 2001.