diff --git a/basyx/aas/version.py b/basyx/aas/version.py
new file mode 100644
index 00000000..5235b333
--- /dev/null
+++ b/basyx/aas/version.py
@@ -0,0 +1,2 @@
+# basyx/aas/version.py
+__version__ = '0.1.0'
\ No newline at end of file
diff --git a/pyproject.toml b/pyproject.toml
index 499f64a2..9daea6c9 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,58 +1,44 @@
 [build-system]
-requires = ["setuptools>=40.8.0", "wheel"]
+requires = ["setuptools>=45", "wheel", "setuptools_scm[toml]>=6.2"]
 build-backend = "setuptools.build_meta"
 
 [project]
 name = "basyx-python-sdk"
-version = "1.0.0"  # actual version
+version = "0.1.0"
 description = "The Eclipse BaSyx Python SDK, an implementation of the Asset Administration Shell for Industry 4.0 systems"
 authors = [
-    {name = "The Eclipse BaSyx Authors", email = "admins@iat.rwth-aachen.de"}  # actual authors
+    { name = "The Eclipse BaSyx Authors", email = "admins@iat.rwth-aachen.de" }
 ]
 readme = "README.md"
-license = {file = "LICENSE"}
+license = { file = "LICENSE" }
 classifiers = [
     "Programming Language :: Python :: 3",
     "License :: OSI Approved :: MIT License",
     "Operating System :: OS Independent",
-    "Development Status :: 5 - Production/Stable",
+    "Development Status :: 5 - Production/Stable"
 ]
 requires-python = ">=3.8"
 dependencies = [
-    "jsonschema~=4.7",
+    "python-dateutil>=2.8,<3",
     "lxml>=4.2,<5",
-    "python-dateutil>=2.8,<3.0",
-    "pyecma376-2>=0.2.4",
     "urllib3>=1.26,<2.0",
-    "lxml-stubs~=0.5.1",
-]
-
-[project.optional-dependencies]
-dev = [
-    "pycodestyle",
-    "mypy",
-    "coverage",
-    "codeblocks",
-    "types-python-dateutil",
-]
-
-docs = [
-    "sphinx",
-    "sphinx-rtd-theme",
-    "sphinx-argparse",
-]
-
-test = [
-    "pytest",
-    "pytest-cov",
+    "pyecma376-2>=0.2.4"
 ]
 
 [project.urls]
 Homepage = "https://github.com/eclipse-basyx/basyx-python-sdk"
 
-[tool.setuptools.packages.find]
-exclude = ["test", "test.*"]
+[project.scripts]
+aas-compliance-check = "basyx.aas.compliance_tool.cli:main"
+
+[tool.setuptools]
+packages = ["basyx"]
 
 [tool.setuptools.package-data]
-"basyx" = ["py.typed"]
-"basyx.aas.examples.data" = ["TestFile.pdf"]
\ No newline at end of file
+basyx = ["py.typed"]
+"basyx.aas.examples.data" = ["TestFile.pdf"]
+
+[tool.setuptools.exclude-package-data]
+"*" = ["test", "test.*"]
+
+[tool.setuptools_scm]
diff --git a/setup.py b/setup.py
index d747c6f7..7ba87f68 100644
--- a/setup.py
+++ b/setup.py
@@ -1,9 +1,27 @@
-from setuptools import setup, find_packages
+#!/usr/bin/env python3
+# Copyright (c) 2019-2024 the Eclipse BaSyx Authors
+#
+# This program and the accompanying materials are made available under the terms of the MIT License, available in
+# the LICENSE file of this project.
+#
+# SPDX-License-Identifier: MIT
 
-# Metadata is now in pyproject.toml, but we need this file for backwards compatibility
-setup(
+import setuptools
+
+with open("README.md", "r", encoding='utf-8') as fh:
+    long_description = fh.read()
+
+setuptools.setup(
     name="basyx-python-sdk",
-    packages=find_packages(exclude=["test", "test.*"]),
+    # version is managed by pyproject.toml
+    author="The Eclipse BaSyx Authors",
+    description="The Eclipse BaSyx Python SDK, an implementation of the Asset Administration Shell for Industry 4.0 "
+                "systems",
+    long_description=long_description,
+    long_description_content_type="text/markdown",
+    url="https://github.com/eclipse-basyx/basyx-python-sdk",
+    packages=setuptools.find_packages(exclude=["test", "test.*"]),
+    zip_safe=False,
     package_data={
         "basyx": ["py.typed"],
         "basyx.aas.examples.data": ["TestFile.pdf"],