diff --git a/README.md b/README.md
index 194788ff..20e8c00b 100644
--- a/README.md
+++ b/README.md
@@ -1,14 +1,24 @@
-# Time-tracking project
+# solidtime
 
-## Setup the Project
+![GitHub License](https://img.shields.io/github/license/solidtime-io/solidtime)
+![Codecov](https://img.shields.io/codecov/c/github/solidtime-io/solidtime?style=flat-square&logo=codecov)
+![GitHub Actions Unit Tests Status](https://img.shields.io/github/actions/workflow/status/solidtime-io/solidtime/phpunit?style=flat-square)
+![PHPstan badge](https://img.shields.io/badge/PHPstan-Level_9-blue?style=flat-square&color=blue)
 
-System Requirements:
-* Docker
-* PHP 8.3
-* Composer
+![Screenshot of the solidtime application with header: solidtime - The modern Open-Source Time Tracker](docs/solidtime-banner.png "solidtime Banner")
+
+## Local setup for development
+
+**System requirements**
+ * Docker
 
 ```bash
-composer install
+docker run --rm \
+    --pull=always \
+    -v "$(pwd)":/opt \
+    -w /opt \
+    laravelsail/php83-composer:latest \
+    bash -c "composer install --ignore-platform-reqs"
 
 cp .env.example .env
 
@@ -23,14 +33,13 @@ cp .env.example .env
 ./vendor/bin/sail npm install
 
 ./vendor/bin/sail npm run build
-
 ```
 
 Make sure to set the APP_PORT and VITE_PORT inside your `.env` file to a port that is not already used by your system.
 
-## Setup with Reverse Proxy
+### Setup with Reverse Proxy
 
-Additional System Requirements:
+**Additional System Requirements**
 * Traefik 2 Reverse-Proxy (https://github.com/korridor/reverse-proxy-docker-traefik)
 
 Add the following entry to your `/etc/hosts`
@@ -42,12 +51,12 @@ Add the following entry to your `/etc/hosts`
 127.0.0.1 mail.solidtime.test
 ```
 
-## Running E2E Tests
+### Running E2E Tests
 
 `./vendor/bin/sail up -d ` will automatically start a Playwright UI server that you can access at `https://playwright.solidtime.test`. 
 Make sure that you use HTTPS otherwise the resources will not be loaded correctly.
 
-## Recording E2E Tests
+### Recording E2E Tests
 
 To record E2E tests, you need to install and execute playwright locally (outside the Docker container) using: 
 
@@ -56,17 +65,16 @@ npx playwright install
 npx playwright codegen solidtime.test
 ``` 
 
-## E2E Troubleshooting
+### E2E Troubleshooting
 
 If E2E tests are not working at all, make sure you do not have the Vite server running and just run `npm run build` to update the version.
 If the E2E tests are not working consistently and fail with a timeout during the authentication, you might want to delete the `test-results/.auth` directory to force new test accounts to be created.
 
-## Generate ZOD Client
+### Generate ZOD Client
 
 The Zodius HTTP client is generated using the following command:
 
 ```bash
-
 npm run zod:generate
 ```
 
@@ -76,3 +84,7 @@ This project is in a very early stage. The structure and APIs are still subject
 Therefore we do not currently accept any contributions, unless you are a member of the team.
 
 As soon as we feel comfortable enough that the application structure is stable enough, we will open up the project for contributions.
+
+## License
+
+This project is open-source and available under the GNU Affero General Public License v3.0 (AGPL v3). Please see the [license file](LICENSE.md) for more information.
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