diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
new file mode 100644
index 0000000000..64ad46ce54
--- /dev/null
+++ b/CONTRIBUTING.md
@@ -0,0 +1,74 @@
+# How to Contribute
+
+Thank you for looking at this. We, at Tracetest, are really excited to have you contribute on the project with us.
+
+The main lines of communication with our team are through [Github issues](https://github.com/kubeshop/tracetest/issues/new/choose) or [Discord](https://discord.gg/eBvEQRVyKX). Feel free to ask any questions!
+
+## Developing 
+
+Development can be conducted using any GoLang and Typescript compatible IDE/editor (e.g., Jetbrains GoLand, VSCode).
+
+There are four places where you develop new things on Tracetest: on the CLI, on the API Server, on the Web UI and on the Documentation website.
+
+### CLI 
+
+Written in Golang, the CLI code is stored in the folder `./cli`. You can see what options you have to test and build the application by typing `make help` inside the folder.
+
+To test its integration with our API, you can run a local API server on your machine by running one of our [examples](./examples/) with `docker compose`. For instance:
+```sh
+cd ./examples/tracetest-jaeger
+docker compose up -d
+```
+
+Remember that you need a file pointing to that server by configuring the CLI using the `tracetest configure` command or using the flag `-c` with a valid config file location, like `config.yaml` with the following content:
+```yaml
+scheme: http
+endpoint: localhost:11633
+analyticsEnabled: false
+```
+
+### API Server
+
+Written in Golang, the API Server code is stored in `./server`. You can see what options you have to test and build the application by typing `make help` inside the folder.
+
+To run the server along the database and the Open Telemetry collector, you can run `docker compose` at the root folder of Tracetest, by executing:
+```sh
+docker compose up postgres otel-collector
+```
+
+### Web UI
+
+Written in Typescript and using Node.js tools, the Web UI code is stored in the folder `./web`. You can see what options you have to test and build the application by seeing the `package.json` scripts [here](./web/package.json).
+
+Like the CLI, to connect to the API, you can run a local API server on your machine by running one of our [examples](./examples/) with `docker compose`. For instance:
+```sh
+cd ./examples/tracetest-jaeger
+docker compose up -d
+```
+
+### Documentation Website
+
+Our docs are written in Markdown and the website is generated by `docusaurus`, the documentation is stored in the folder `./docs`. You can see what options you have to test and build the application by seeing the `package.json` scripts [here](./docs/package.json).
+
+## Testing
+
+We strive to have tests verify every important corner of our code-base. It will be greatly appreciated if your PR's include tests for the changes you propose.
+
+## Submitting Changes
+
+Please create a Github Pull-Request with a clear list of what you've done (read more about [pull requests](http://help.github.com/pull-requests/)). When you send a pull request, we would appreciate included use-case examples. Please follow our coding conventions (below) and make sure all of your commits are atomic (one feature per commit).
+
+Always write a clear log message for your commits. One-line messages are fine for small changes, but bigger changes should look like this:
+
+    $ git commit -m "A brief summary of the commit
+    > 
+    > A paragraph describing what changed and its impact."
+
+## Coding Conventions
+
+Start reading our code and you'll get the hang of it. We use code formatting tools like [eslint](https://eslint.org/) and [go vet](https://pkg.go.dev/cmd/vet) to help maintain peace in the galaxy.
+
+If you have any doubts about coding standards you can follow [Effective Go](https://go.dev/doc/effective_go) or [Go styleguide](https://google.github.io/styleguide/go/) for Golang and [Typescript styleguide](https://google.github.io/styleguide/tsguide.html) for Typescript.
+
+Many thanks,
+Kubeshop
diff --git a/README.md b/README.md
index 72adce86e3..4ccb20acd5 100644
--- a/README.md
+++ b/README.md
@@ -141,6 +141,10 @@ Is available at [https://docs.tracetest.io/](https://docs.tracetest.io/)
 
 We strive to produce quality code and improve Tracetest rapidly and safely. Therefore, we have a full suite of both frontend and backend tests. We are using Cypress to test our frontend code and (surprise, surprise) Tracetest for our backend code. You can see the [test runs here](https://github.com/kubeshop/tracetest/actions/workflows/pull-request.yaml), and a blog post describing our [testing pipelines here](https://tracetest.io/blog/integrating-tracetest-with-github-actions-in-a-ci-pipeline).
 
+# Contributing
+
+Want to contribute with Tracetest? See our contributing guidelines [here](./CONTRIBUTING.md).
+
 # License
 
 [MIT License](/LICENSE)