The team with the most points at the end of the season crowned champions.
Alki and Omonia Aradippou were relegated from previous season and played in the 1992–93 Cypriot Second Division.
They were replaced by the first two teams of the 1991–92 Cypriot Second Division, Ethnikos Achna and APOP Paphos.
The 12th-placed team Evagoras faced the 3rd-placed team of the 1992–93 Cypriot Second Division Alki Larnaca, in a two-legged play-off for one spot in the 1993–94 Cypriot First Division.
Evagoras won both matches and secured their place in the 1993–94 Cypriot First Division.