A total of 8 clubs entered the competition.
It began on 4 November 1934 with the quarterfinals and concluded on 25 November 1934 with the replay final which was held at GSP Stadium.
Enosis Neon Trust won their 1st Cypriot Cup trophy after beating APOEL 1–0 in the final.
In all rounds each tie was played as a single leg and was held at the home ground of one of the two teams, according to the draw results.
If extra time was drawn, there was a replay match.