Fourteen teams participated in the 1991–92 Cypriot First Division. All teams played against each other twice, once at their home and once away. The team with the most points at the end of the season crowned champions. The last two teams were relegated to the
1992–93 Cypriot Second Division. The 12th-placed team faced the 3rd-placed team of the
1991–92 Cypriot Second Division, in a two-legged relegation play-off for one spot in the
1992–93 Cypriot First Division. The champions ensured their participation in the
1992–93 UEFA Champions League and the runners-up in the
1992–93 UEFA Cup.
Point system Teams received three points for a win, one point for a draw and zero points for a loss. ==Changes from previous season==