\documentclass{standalone}
\usepackage{tikz}
\usetikzlibrary{shapes.misc, positioning, backgrounds, fit}
\usetikzlibrary{decorations.text}

\begin{document}

\begin{tikzpicture}[node distance=1 and 1]
  \draw (0,0) circle (3cm);
  \draw (0,0) [decorate, decoration={text along path,
      raise=6pt, text align={align=center, left indent=5cm}, text={Text along path}}] circle (3cm);
\end{tikzpicture}

\end{document}