1943 Meistaradeildin was the second season of Meistaradeildin, the top tier of the Faroese football league system. The teams were separated in four groups based on geographical criteria; the winner of each group would qualify for the semi-finals. Each group had its own qualification format. TB Tvøroyri defeated MB Miðvágur 3–2 on aggregate in the championship final.

The matches were played at Gundadalur, Tórshavn. After the first game ended in a draw, a replay was needed to decide the champion.