diff --git a/xcode/aux_scripts/setup_project_environment.sh b/xcode/aux_scripts/setup_project_environment.sh
new file mode 100644
index 0000000..81a81c2
--- /dev/null
+++ b/xcode/aux_scripts/setup_project_environment.sh
@@ -0,0 +1,44 @@
+#!/bin/sh
+
+PROJECT_PATH=$1
+
+cd ${PROJECT_PATH}
+
+# Install ruby dependencies (cocoapods, fastlane, etc.)
+
+bundle install
+
+# Install Homebrew
+
+if [[ $(command -v brew) == "" ]]; then
+
+    # Prevent "Press RETURN to continue or any other key to abort" message when installing Homebrew
+
+    export CI=true
+
+    /usr/bin/ruby -e "$(curl -fsSL https://raw.githubusercontent.com/Homebrew/install/master/install)"
+fi
+
+# Install brew dependencies (carthage, etc.)
+
+brew bundle
+
+# Install pods dependencies
+
+bundle exec pod repo update
+bundle exec pod install
+
+# Install carthage dependencies
+
+carthage bootstrap --platform iOS
+
+case $2 in
+    --InstallDevelopmentCodeSigning)
+        # Install certificates & provision profiles for development
+
+        cd ${PROJECT_PATH}/fastlane
+
+        bundle exec fastlane SyncCodeSigning
+    ;;
+esac
+