diff --git a/README.md b/README.md
index 0d1fcc2d9..1b05a6e9c 100644
--- a/README.md
+++ b/README.md
@@ -21,6 +21,10 @@ to use the CoMPAS Backend Service to open and save SCL Files and more.
 
 See [Development](DEVELOPMENT.md) for more information about how to build and run CoMPAS OpenSCD locally.
 
+## Releasing
+
+See [Releasing](RELEASING.md) for a step by step guide on releasing this fork with the latest version of [open-scd](https://github.com/openscd/open-scd/).
+
 ## License
 
 The [IEC 61850](https://webstore.iec.ch/publication/63319) XSD and NSD code components used are
diff --git a/RELEASING.md b/RELEASING.md
new file mode 100644
index 000000000..24b75e0f5
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+++ b/RELEASING.md
@@ -0,0 +1,35 @@
+# Quick guide on how to release a new version of CoMPAS OpenSCD
+
+### Generally we follow these steps for releasing a new version:
+
+1. First make sure you have the correct upstream URL configured in your local **compas-open-scd** repo by running `git remote -v`.
+    
+    You should see something like this:
+    
+    ```bash
+    juan@Juans-MBP compas-open-scd % git remote -v             
+    origin  git@github.com:com-pas/compas-open-scd.git (fetch)
+    origin  git@github.com:com-pas/compas-open-scd.git (push)
+    upstream        git@github.com:openscd/open-scd.git (fetch)
+    upstream        git@github.com:openscd/open-scd.git (push)
+    ```
+    
+    If you don’t see the second set of upstream URLs then you need to add **open-scd** as your upstream repo by running: 
+    
+    `git remote add upstream https://github.com/openscd/open-scd.git`  
+    
+2. Sync the changes from **open-scd**
+    
+    `git fetch upstream`
+    
+3. Create a new release branch from the latest release of open-scd (this could be *upstream/main* if it was just released or the specific commit hash of the release), using a branch name relative to the desired release tag, example: *release_v0_33_0_1*
+4. Merge changes from *origin/main* into your release branch like this:
+    
+    `git merge main --strategy recursive`
+    
+5. Make sure tests are passing, add fixes for breaking changes from **open-scd**
+6. Update the version number in your project's `package.json` file.
+7. Create a PR from your release branch into *main* 
+8. Create a new release on GitHub and tag it with the new version number.
+9. Include automatic release notes summarizing the changes in this release.
+10. Publish the release and update all the CoMPAS projects with a dependency on this repo to the newly released version.
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