diff --git a/.gitignore b/.gitignore
index 743b23b1..8a7034d4 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1,5 +1,10 @@
 # ignore IDE files
 .vscode
 
-# ignore caches under any path
+# ignore temp files under any path
+.DS_Store
 **/__pycache__
+
+# ignore build artifacts
+/dist
+*.egg-info
diff --git a/README.md b/README.md
index 995c9463..bd92d6e5 100644
--- a/README.md
+++ b/README.md
@@ -1,11 +1,17 @@
 # neofs-testlib
 This library provides building blocks and utilities to facilitate development of automated tests for NeoFS system.
 
-## Repository structure
-TODO
-
 ## Installation
-TODO
+Library can be installed via pip:
+```shell
+$ pip install neofs-testlib
+```
+
+## Library structure
+The library provides the following primary components:
+ * `cli` - wrappers on top of neoFS command-line tools. These wrappers execute on a shell and provide type-safe interface for interacting with the tools.
+ * `reporter` - abstraction on top of test reporting tool like Allure. Components of the library will report their steps and attach artifacts to the configured reporter instance.
+ * `shell` - shells that can be used to execute commands. Currently library provides local shell (on machine that runs the code) or SSH shell that connects to a remote machine via SSH.
 
 ## Contributing
 Any contributions to the library should conform to the [contribution guideline](https://github.com/nspcc-dev/neofs-node/blob/master/CONTRIBUTING.md).
@@ -14,21 +20,21 @@ Any contributions to the library should conform to the [contribution guideline](
 To setup development environment for `neofs-testlib`, please, take the following steps:
 1. Prepare virtualenv
 
-```
+```shell
 $ virtualenv --python=python3.9 venv
 $ source venv/bin/activate
 ```
 
 2. Install all dependencies:
 
-```
+```shell
 $ pip install -r requirements.txt
 ```
 
 3. Setup pre-commit hooks to run code formatters on staged files before you run a `git commit` command:
 
-```
-pre-commit install
+```shell
+$ pre-commit install
 ```
 
 Optionally you might want to integrate code formatters with your code editor to apply formatters to code files as you go:
@@ -37,8 +43,8 @@ Optionally you might want to integrate code formatters with your code editor to
 
 ### Unit Tests
 Before submitting any changes to the library, please, make sure that all unit tests are passing. To run the tests, please, use the following command:
-```
-python -m unittest discover --start-directory tests
+```shell
+$ python -m unittest discover --start-directory tests
 ```
 
 To enable tests that interact with SSH server, please, setup SSH server and set the following environment variables before running the tests:
@@ -78,4 +84,4 @@ To upload package to actual PyPI, please, use command:
 ```shell
 $ twine upload dist/*
 ```
-It will prompt for your username and password. You would need to [create account](https://pypi.org/account/register/) in order to execute it.
+It will prompt for your username and password. You would need to [create PyPI account](https://pypi.org/account/register/) in order to execute it.
diff --git a/pyproject.toml b/pyproject.toml
index bd0087bd..7d5b913d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,8 +1,50 @@
+[build-system]
+requires      = ["setuptools>=63.0.0", "wheel"]
+build-backend = "setuptools.build_meta"
+
+[project]
+name = "neofs-testlib"
+version = "0.1.0"
+description = "Building blocks and utilities to facilitate development of automated tests for NeoFS system"
+readme = "README.md"
+authors = [{ name = "NSPCC", email = "info@nspcc.ru" }]
+license = { text = "GNU General Public License v3 (GPLv3)" }
+classifiers = [
+    "License :: OSI Approved :: GNU General Public License v3 (GPLv3)",
+    "Programming Language :: Python",
+    "Programming Language :: Python :: 3",
+]
+keywords = ["neofs", "test"]
+dependencies = [
+    "allure-python-commons>=2.9.45",
+    "paramiko>=2.10.3",
+    "pexpect>=4.8.0",
+]
+requires-python = ">=3.9"
+
+[project.optional-dependencies]
+dev = ["black", "bumpver", "isort", "pre-commit"]
+
+[project.urls]
+Homepage = "https://github.com/nspcc-dev/neofs-testlib"
+
 [tool.isort]
 profile = "black"
-src_paths = ["reporter", "shell", "tests"]
+src_paths = ["src", "tests"]
 line_length = 100
 
 [tool.black]
 line-length = 100
 target-version = ["py39"]
+
+[tool.bumpver]
+current_version = "0.1.0"
+version_pattern = "MAJOR.MINOR.PATCH"
+commit_message  = "Bump version {old_version} -> {new_version}"
+commit          = false
+tag             = false
+push            = false
+
+[tool.bumpver.file_patterns]
+"pyproject.toml" = ['current_version = "{version}"', 'version = "{version}"']
+"src/neofs_testlib/__init__.py" = ["{version}"]
diff --git a/requirements.txt b/requirements.txt
index 5e623715..9b7968cc 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,6 +1,14 @@
 allure-python-commons==2.9.45
-black==22.8.0
-isort==5.10.1
 paramiko==2.10.3
 pexpect==4.8.0
+
+# Dev dependencies
+black==22.8.0
+bumpver==2022.1118
+isort==5.10.1
 pre-commit==2.20.0
+
+# Packaging dependencies
+build==0.8.0
+setuptools==63.2.0
+twine==4.0.1
diff --git a/src/neofs_testlib/__init__.py b/src/neofs_testlib/__init__.py
new file mode 100644
index 00000000..3dc1f76b
--- /dev/null
+++ b/src/neofs_testlib/__init__.py
@@ -0,0 +1 @@
+__version__ = "0.1.0"