diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
new file mode 100644
index 0000000..c4f082c
--- /dev/null
+++ b/CONTRIBUTING.md
@@ -0,0 +1,47 @@
+# Contributing
+
+We are always glad to receive contribution to the development of our project from the community!
+
+## Issues
+
+If you find a bug or want to suggest an improvement to support some new functionality, 
+[create an issue](https://github.com/singnet/snet-sdk-python/issues) in the repository.
+
+### Issue must include the following information:
+
+- **Title**. Come up with a title that concisely describes the task.
+
+- **Description**. Describe the issue in as much detail as possible. If you want to implement new functionality, 
+describe why it is useful and how it will affect the project's codebase.
+
+- **Code reference**. If this is a bug, be sure to attach the code where the error occurs and the text of the error.
+
+- **Steps to reproduce**. If this is a bug, describe the steps to reproduce the bug and in what case it occurs
+(here it is also advisable to add the code that you run).
+
+- **Labels**. Add the labels that describe the issue. Please refer to the 
+[label list](https://docs.github.com/en/issues/using-labels-and-milestones-to-track-work/managing-labels#about-default-labels)
+to learn more about labels.
+
+## Pull requests
+
+> Before creating a pull request, make sure there is an issue corresponding to your changes. If there isn't one, 
+> [create one first](#issues).
+
+If you want to implement a feature or fix a bug, fork this repository from the `master` and after all the changes 
+[create a pull request](https://docs.github.com/en/pull-requests/collaborating-with-pull-requests/proposing-changes-to-your-work-with-pull-requests/creating-a-pull-request-from-a-fork) 
+to the `master` branch. Don't forget to run automated tests locally before creating a PR.
+
+### Pull request must include the following information:
+
+- **Title**. The pull request should be named after the issue number as follows: "Issue <ISSUE_NUMBER>"
+
+- **Description**. Briefly describe the feature or fix that was made.
+
+- **Changes**. Describe the main changes made in the codebase. It is advisable to insert links to the code for 
+greater clarity.
+
+- **Interface changes**. Describe how the external interface has changed. It is advisable to insert links to 
+the code for greater clarity.
+
+
diff --git a/README.md b/README.md
index fa5dd4a..e2db2c3 100644
--- a/README.md
+++ b/README.md
@@ -465,6 +465,12 @@ $ pip install -r requirements.txt
 $ pip install -e .
 ```
 
+## Contributing
+
+We are always glad to receive contribution to the development of our project from the community!
+
+Please refer to [Contributing guide](./CONTRIBUTING.md)
+
 ## License  
   
 This project is licensed under the MIT License - see the