diff --git a/.github/workflows/create_release.yml b/.github/workflows/create_release.yml
new file mode 100644
index 000000000..934f23792
--- /dev/null
+++ b/.github/workflows/create_release.yml
@@ -0,0 +1,87 @@
+name: 🚀 Create Release
+
+on:
+  workflow_dispatch:
+    inputs:
+      bump_minor:
+        description: 'Bump minor version'
+        required: false
+        type: boolean
+        default: false
+      version:
+        description: 'Release version (optional, if not provided will use version from develop without -dev)'
+        required: false
+        type: string
+
+jobs:
+  release:
+    runs-on: ubuntu-latest
+    if: github.ref == 'refs/heads/develop'
+    permissions:
+      contents: write
+    steps:
+      - uses: actions/checkout@v4
+        with:
+          fetch-depth: 0
+          token: ${{ secrets.GITHUB_TOKEN }}
+
+      - name: Set up Python
+        uses: actions/setup-python@v5
+        with:
+          python-version: '3.9'
+
+      - name: Configure Git
+        run: |
+          git config --global user.name "${{ secrets.CI_USER }}"
+          git config --global user.email "${{ secrets.CI_EMAIL }}"
+
+      - name: Get release version
+        id: get_version
+        run: |
+          if [ -n "${{ github.event.inputs.version }}" ]; then
+            echo "version=${{ github.event.inputs.version }}" >> $GITHUB_OUTPUT
+          else
+            ARGS=""
+            if [ "${{ github.event.inputs.bump_minor }}" = "true" ]; then
+              ARGS="--bump-minor"
+            fi
+            VERSION=$(python manage_version.py get-release-version $ARGS)
+            echo "version=$VERSION" >> $GITHUB_OUTPUT
+          fi
+
+      - name: Update version for release
+        run: |
+          python manage_version.py update --version ${{ steps.get_version.outputs.version }}
+
+      - name: Commit release version
+        run: |
+          git add ayon_api/version.py pyproject.toml
+          git commit -m "Release version ${{ steps.get_version.outputs.version }}"
+          git push origin develop
+
+      - name: Rebase main on develop
+        run: |
+          git checkout main
+          git rebase develop
+          git push origin main
+
+      - name: Create and push tag
+        run: |
+          git tag ${{ steps.get_version.outputs.version }}
+          git push origin ${{ steps.get_version.outputs.version }}
+
+      - name: Bump version on develop
+        run: |
+          git checkout develop
+          NEW_VERSION=$(python manage_version.py get-dev-version)
+          python manage_version.py update --version $NEW_VERSION
+          git add ayon_api/version.py pyproject.toml
+          git commit -m "Bump version to $NEW_VERSION"
+          git push origin develop
+
+      - name: Create GitHub Release
+        uses: softprops/action-gh-release@v2
+        with:
+          tag_name: ${{ steps.get_version.outputs.version }}
+          generate_release_notes: true
+          token: ${{ secrets.GITHUB_TOKEN }}
diff --git a/manage_version.py b/manage_version.py
new file mode 100644
index 000000000..2f780d176
--- /dev/null
+++ b/manage_version.py
@@ -0,0 +1,103 @@
+import re
+import sys
+import argparse
+from pathlib import Path
+
+SEMVER_REGEX = re.compile(
+    r"^(0|[1-9]\d*)\.(0|[1-9]\d*)\.(0|[1-9]\d*)"
+    r"(?:-((?:0|[1-9]\d*|\d*[a-zA-Z-][0-9a-zA-Z-]*)(?:\.(?:0|[1-9]\d*|\d*[a-zA-Z-][0-9a-zA-Z-]*))*))?"
+    r"(?:\+([0-9a-zA-Z-]+(?:\.[0-9a-zA-Z-]+)*))?$"
+)
+
+
+def get_current_version(version_file: Path) -> str:
+    content = version_file.read_text(encoding="utf-8")
+    match = re.search(r'__version__\s*=\s*"(.*)"', content)
+    if match:
+        return match.group(1)
+    raise ValueError(f"Version not found in {version_file}")
+
+
+def update_version_in_src(
+    version_file: Path,
+    pyproject_file: Path,
+    new_version: str,
+):
+    content = version_file.read_text(encoding="utf-8")
+    new_content = re.sub(
+        r'(__version__\s*=\s*").*(")',
+        rf'\g<1>{new_version}\g<2>',
+        content
+    )
+    version_file.write_text(new_content, encoding="utf-8")
+
+    # Update pyproject.toml
+    content = pyproject_file.read_text(encoding="utf-8")
+    new_lines = []
+    for line in content.splitlines():
+        if line.startswith("version"):
+            line = f"version = \"{new_version}\""
+        new_lines.append(line)
+
+    pyproject_file.write_text("\n".join(new_lines), encoding="utf-8")
+
+
+def bump_to_dev_version(version: str) -> str:
+    version_parts = SEMVER_REGEX.match(version).groups()
+    major, minor, patch = version_parts[0:3]
+    patch = str(int(patch) + 1)
+    return f"{major}.{minor}.{patch}-dev"
+
+
+def bump_to_release_version(version: str, bump_minor: bool = False) -> str:
+    version_parts = SEMVER_REGEX.match(version).groups()
+    major, minor, patch = version_parts[0:3]
+    if bump_minor:
+        minor = str(int(minor) + 1)
+        patch = "0"
+    return f"{major}.{minor}.{patch}"
+
+
+def main():
+    parser = argparse.ArgumentParser()
+    parser.add_argument(
+        "command",
+        choices=["get-release-version", "update", "get-dev-version"]
+    )
+    parser.add_argument(
+        "--version",
+        help="Version to set for update command",
+    )
+    parser.add_argument(
+        "--bump-minor",
+        action="store_true",
+        help="Bump minor version for get-release-version command",
+    )
+    args = parser.parse_args()
+
+    repo_root = Path(__file__).parent
+    version_file = repo_root / "ayon_api" / "version.py"
+    pyproject_file = repo_root / "pyproject.toml"
+
+    current_version = get_current_version(version_file)
+
+    if args.command == "get-release-version":
+        if current_version:
+            print(bump_to_release_version(current_version, args.bump_minor))
+        else:
+            sys.exit(1)
+    elif args.command == "get-dev-version":
+        if current_version:
+            print(bump_to_dev_version(current_version))
+        else:
+            sys.exit(1)
+    elif args.command == "update":
+        if not args.version:
+            print("Error: --version is required for update command")
+            sys.exit(1)
+        update_version_in_src(version_file, pyproject_file, args.version)
+        print(f"Updated version to {args.version}")
+
+
+if __name__ == "__main__":
+    main()