diff --git a/cvat/__init__.py b/cvat/__init__.py
index 35efa70d..b962ba74 100644
--- a/cvat/__init__.py
+++ b/cvat/__init__.py
@@ -5,6 +5,6 @@
 
 from cvat.utils.version import get_version
 
-VERSION = (0, 5, 0, 'alpha', 0)
+VERSION = (0, 5, 0, 'final', 0)
 
 __version__ = get_version(VERSION)