diff --git a/setup.cfg b/setup.cfg
index a4097447..b9fa455d 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -3,7 +3,7 @@ testpaths = tests
 addopts = -p no:warnings
 
 [semantic_release]
-version_variable = time_tracker_api/__init__.py:__version__
+version_variable = time_tracker_api/version.py:__version__
 upload_to_pypi = false
 remove_dist = false
 
diff --git a/setup.py b/setup.py
index d599e4c3..108982d8 100644
--- a/setup.py
+++ b/setup.py
@@ -4,7 +4,7 @@
 
 def get_version() -> str:
     version = {}
-    path_to_file_with_version = "time_tracker_api/__init__.py"
+    path_to_file_with_version = "time_tracker_api/version.py"
     try:
         with open(path_to_file_with_version) as fp:
             exec(fp.read(), version)
diff --git a/time_tracker_api/__init__.py b/time_tracker_api/__init__.py
index ae83d213..6e633c7d 100644
--- a/time_tracker_api/__init__.py
+++ b/time_tracker_api/__init__.py
@@ -3,7 +3,6 @@
 
 from flask import Flask
 
-__version__ = '0.3.0'
 
 flask_app: Flask = None
 
diff --git a/time_tracker_api/api.py b/time_tracker_api/api.py
index b8b026ce..993b9bb5 100644
--- a/time_tracker_api/api.py
+++ b/time_tracker_api/api.py
@@ -5,7 +5,7 @@
 from flask_restplus._http import HTTPStatus
 
 from commons.data_access_layer.cosmos_db import CustomError
-from time_tracker_api import __version__
+from time_tracker_api.version import __version__
 
 faker = Faker()
 
diff --git a/time_tracker_api/version.py b/time_tracker_api/version.py
new file mode 100644
index 00000000..0404d810
--- /dev/null
+++ b/time_tracker_api/version.py
@@ -0,0 +1 @@
+__version__ = '0.3.0'