diff --git a/package.json b/package.json
index 413a81c45..668947f78 100644
--- a/package.json
+++ b/package.json
@@ -29,7 +29,29 @@
     "./logger": "./lib/logger/index.js",
     "./logger/compat": "./lib/logger/compat.js",
     "./lib/logger": "./lib/logger/index.js",
-    "./lib/logger/compat": "./lib/logger/compat.js"
+    "./lib/logger/compat": "./lib/logger/compat.js",
+    "./v2": "./lib/v2/index.js",
+    "./v2/options": "./lib/v2/options.js",
+    "./v2/https": "./lib/v2/providers/https.js"
+  },
+  "typesVersions": {
+    "*": {
+      "logger/*": [
+        "lib/logger/*"
+      ],
+      "v1": [
+        "lib/v1"
+      ],
+      "v2": [
+        "lib/v2"
+      ],
+      "v2/options": [
+        "lib/v2/options"
+      ],
+      "v2/https": [
+        "lib/v2/providers/https"
+      ]
+    }
   },
   "publishConfig": {
     "registry": "https://wombat-dressing-room.appspot.com"
diff --git a/src/index.ts b/src/index.ts
index 5b98253d9..fcac62f27 100644
--- a/src/index.ts
+++ b/src/index.ts
@@ -1 +1,23 @@
+// The MIT License (MIT)
+//
+// Copyright (c) 2021 Firebase
+//
+// Permission is hereby granted, free of charge, to any person obtaining a copy
+// of this software and associated documentation files (the "Software"), to deal
+// in the Software without restriction, including without limitation the rights
+// to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+// copies of the Software, and to permit persons to whom the Software is
+// furnished to do so, subject to the following conditions:
+//
+// The above copyright notice and this permission notice shall be included in all
+// copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+// IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+// FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+// AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+// LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+// OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
+// SOFTWARE.
+
 export * from './v1';
diff --git a/src/v2/base.ts b/src/v2/base.ts
new file mode 100644
index 000000000..c2d9a6fe4
--- /dev/null
+++ b/src/v2/base.ts
@@ -0,0 +1,42 @@
+// The MIT License (MIT)
+//
+// Copyright (c) 2021 Firebase
+//
+// Permission is hereby granted, free of charge, to any person obtaining a copy
+// of this software and associated documentation files (the "Software"), to deal
+// in the Software without restriction, including without limitation the rights
+// to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+// copies of the Software, and to permit persons to whom the Software is
+// furnished to do so, subject to the following conditions:
+//
+// The above copyright notice and this permission notice shall be included in all
+// copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+// IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+// FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+// AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+// LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+// OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
+// SOFTWARE.
+
+/** @internal */
+export interface TriggerAnnotation {
+  availableMemoryMb?: number;
+  eventTrigger?: {
+    eventType: string;
+    resource: string;
+    service: string;
+  };
+  failurePolicy?: { retry: boolean };
+  httpsTrigger?: {};
+  labels?: { [key: string]: string };
+  regions?: string[];
+  timeout?: string;
+  vpcConnector?: string;
+  vpcConnectorEgressSettings?: string;
+  serviceAccountEmail?: string;
+  ingressSettings?: string;
+
+  // TODO: schedule
+}
diff --git a/src/v2/index.ts b/src/v2/index.ts
new file mode 100644
index 000000000..a41333a3d
--- /dev/null
+++ b/src/v2/index.ts
@@ -0,0 +1,28 @@
+// The MIT License (MIT)
+//
+// Copyright (c) 2021 Firebase
+//
+// Permission is hereby granted, free of charge, to any person obtaining a copy
+// of this software and associated documentation files (the "Software"), to deal
+// in the Software without restriction, including without limitation the rights
+// to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+// copies of the Software, and to permit persons to whom the Software is
+// furnished to do so, subject to the following conditions:
+//
+// The above copyright notice and this permission notice shall be included in all
+// copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+// IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+// FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+// AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+// LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+// OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
+// SOFTWARE.
+
+import * as https from './providers/https';
+import * as logger from '../logger';
+
+export { https, logger };
+
+export { setGlobalOptions, GlobalOptions } from './options';
diff --git a/src/v2/options.ts b/src/v2/options.ts
new file mode 100644
index 000000000..d2382a8e7
--- /dev/null
+++ b/src/v2/options.ts
@@ -0,0 +1,270 @@
+// The MIT License (MIT)
+//
+// Copyright (c) 2021 Firebase
+//
+// Permission is hereby granted, free of charge, to any person obtaining a copy
+// of this software and associated documentation files (the "Software"), to deal
+// in the Software without restriction, including without limitation the rights
+// to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+// copies of the Software, and to permit persons to whom the Software is
+// furnished to do so, subject to the following conditions:
+//
+// The above copyright notice and this permission notice shall be included in all
+// copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+// IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+// FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+// AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+// LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+// OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
+// SOFTWARE.
+
+import {
+  durationFromSeconds,
+  serviceAccountFromShorthand,
+} from '../common/encoding';
+import * as logger from '../logger';
+import { TriggerAnnotation } from './base';
+import { copyIfPresent, convertIfPresent } from '../common/encoding';
+
+/**
+ * List of all regions supported by Cloud Functions v2
+ */
+export const SUPPORTED_REGIONS = ['us-west1'] as const;
+
+/**
+ * A region known to be supported by CloudFunctions v2
+ */
+export type SupportedRegion = typeof SUPPORTED_REGIONS[number];
+
+/**
+ * Cloud Functions v2 min timeout value.
+ */
+export const MIN_TIMEOUT_SECONDS = 1;
+
+/**
+ * Cloud Functions v2 max timeout value for event handlers.
+ */
+export const MAX_EVENT_TIMEOUT_SECONDS = 540;
+
+/**
+ * Cloud Functions v2 max timeout for HTTPS functions.
+ */
+export const MAX_HTTPS_TIMEOUT_SECONDS = 36_000;
+
+/**
+ * Maximum number of requests to serve on a single instance.
+ */
+export const MAX_CONCURRENCY = 1_000;
+
+/**
+ * List of available memory options supported by Cloud Functions.
+ */
+export const SUPPORTED_MEMORY_OPTIONS = [
+  '256MB',
+  '512MB',
+  '1GB',
+  '2GB',
+  '4GB',
+  '8GB',
+] as const;
+
+const MemoryOptionToMB: Record<MemoryOption, number> = {
+  '256MB': 256,
+  '512MB': 512,
+  '1GB': 1024,
+  '2GB': 2048,
+  '4GB': 4096,
+  '8GB': 8192,
+};
+
+/**
+ * A supported memory option.
+ */
+export type MemoryOption = typeof SUPPORTED_MEMORY_OPTIONS[number];
+
+/**
+ * List of available options for VpcConnectorEgressSettings.
+ */
+export const SUPPORTED_VPC_EGRESS_SETTINGS = [
+  'PRIVATE_RANGES_ONLY',
+  'ALL_TRAFFIC',
+] as const;
+
+/**
+ * A valid VPC Egress setting.
+ */
+export type VpcEgressSetting = typeof SUPPORTED_VPC_EGRESS_SETTINGS[number];
+
+/**
+ * List of available options for IngressSettings.
+ */
+export const SUPPORTED_INGRESS_SETTINGS = [
+  'ALLOW_ALL',
+  'ALLOW_INTERNAL_ONLY',
+  'ALLOW_INTERNAL_AND_GCLB',
+] as const;
+
+export type IngressSetting = typeof SUPPORTED_INGRESS_SETTINGS[number];
+
+/**
+ * GlobalOptions are options that can be set across an entire project.
+ * These options are common to HTTPS and Event handling functions.
+ */
+export interface GlobalOptions {
+  /**
+   * Region where functions should be deployed.
+   * HTTP functions can override and specify more than one region.
+   */
+  region?: SupportedRegion | string;
+
+  /**
+   * Amount of memory to allocate to a function.
+   * A value of null restores the defaults of 256MB.
+   */
+  memory?: MemoryOption | null;
+
+  /**
+   * Timeout for the function in sections, possible values are 0 to 540.
+   * HTTPS functions can specify a higher timeout.
+   * A value of null restores the default of 60s
+   */
+  timeoutSeconds?: number | null;
+
+  /**
+   * Min number of actual instances to be running at a given time.
+   * Instances will be billed for memory allocation and 10% of CPU allocation
+   * while idle.
+   * A value of null restores the default min instances.
+   */
+  minInstances?: number | null;
+
+  /**
+   * Max number of instances to be running in parallel.
+   * A value of null restores the default max instances.
+   */
+  maxInstances?: number | null;
+
+  /**
+   * Number of requests a function can serve at once.
+   * Can only be applied to functions running on Cloud Functions v2.
+   * A value of null restores the default concurrency.
+   */
+  concurrency?: number | null;
+  /**
+   * Connect cloud function to specified VPC connector.
+   * A value of null removes the VPC connector
+   */
+  vpcConnector?: string | null;
+
+  /**
+   * Egress settings for VPC connector.
+   * A value of null turns off VPC connector egress settings
+   */
+  vpcConnectorEgressSettings?: VpcEgressSetting | null;
+
+  /**
+   * Specific service account for the function to run as.
+   * A value of null restores the default service account.
+   */
+  serviceAccount?: string | null;
+
+  /**
+   * Ingress settings which control where this function can be called from.
+   * A value of null turns off ingress settings.
+   */
+  ingressSettings?: IngressSetting | null;
+
+  /**
+   * User labels to set on the function.
+   */
+  labels?: Record<string, string>;
+}
+
+let globalOptions: GlobalOptions | undefined;
+
+/**
+ * Sets default options for all functions written using the v2 SDK.
+ * @param options Options to set as default
+ */
+export function setGlobalOptions(options: GlobalOptions) {
+  if (globalOptions) {
+    logger.warn('Calling setGlobalOptions twice leads to undefined behavior');
+  }
+  globalOptions = options;
+}
+
+/**
+ * Get the currently set default options.
+ * Used only for trigger generation.
+ * @internal
+ */
+export function getGlobalOptions(): GlobalOptions {
+  return globalOptions || {};
+}
+
+/**
+ * Options that can be set on an individual event-handling Cloud Function.
+ */
+export interface EventHandlerOptions extends GlobalOptions {
+  retry?: boolean;
+}
+
+/**
+ * Apply GlobalOptions to trigger definitions.
+ * @internal
+ */
+export function optionsToTriggerAnnotations(
+  opts: GlobalOptions | EventHandlerOptions
+): TriggerAnnotation {
+  const annotation: TriggerAnnotation = {};
+  copyIfPresent(
+    annotation,
+    opts,
+    'ingressSettings',
+    'labels',
+    'vpcConnector',
+    'vpcConnectorEgressSettings'
+  );
+  convertIfPresent(
+    annotation,
+    opts,
+    'availableMemoryMb',
+    'memory',
+    (mem: MemoryOption) => {
+      return MemoryOptionToMB[mem];
+    }
+  );
+  convertIfPresent(annotation, opts, 'regions', 'region', (region) => {
+    if (typeof 'region' === 'string') {
+      return [region];
+    }
+    return region;
+  });
+  convertIfPresent(
+    annotation,
+    opts,
+    'serviceAccountEmail',
+    'serviceAccount',
+    serviceAccountFromShorthand
+  );
+  convertIfPresent(
+    annotation,
+    opts,
+    'timeout',
+    'timeoutSeconds',
+    durationFromSeconds
+  );
+  convertIfPresent(
+    annotation,
+    (opts as any) as EventHandlerOptions,
+    'failurePolicy',
+    'retry',
+    (retry: boolean) => {
+      return retry ? { retry: true } : null;
+    }
+  );
+
+  return annotation;
+}
diff --git a/src/v2/providers/https.ts b/src/v2/providers/https.ts
new file mode 100644
index 000000000..7faa9c6c1
--- /dev/null
+++ b/src/v2/providers/https.ts
@@ -0,0 +1,158 @@
+// The MIT License (MIT)
+//
+// Copyright (c) 2021 Firebase
+//
+// Permission is hereby granted, free of charge, to any person obtaining a copy
+// of this software and associated documentation files (the "Software"), to deal
+// in the Software without restriction, including without limitation the rights
+// to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+// copies of the Software, and to permit persons to whom the Software is
+// furnished to do so, subject to the following conditions:
+//
+// The above copyright notice and this permission notice shall be included in all
+// copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+// IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+// FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+// AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+// LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+// OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
+// SOFTWARE.
+
+import * as cors from 'cors';
+import * as express from 'express';
+
+import * as common from '../../common/providers/https';
+import * as options from '../options';
+
+type Request = common.Request;
+
+export type CallableContext = common.CallableContext;
+export type FunctionsErrorCode = common.FunctionsErrorCode;
+export type HttpsError = common.HttpsError;
+
+export interface HttpsOptions extends Omit<options.GlobalOptions, 'region'> {
+  region?:
+    | options.SupportedRegion
+    | string
+    | Array<options.SupportedRegion | string>;
+  cors?: string | boolean;
+}
+
+export type HttpsHandler = (
+  request: Request,
+  response: express.Response
+) => void | Promise<void>;
+export type CallableHandler = (
+  data: any,
+  context: CallableContext
+) => any | Promise<any>;
+
+export type HttpsFunction = HttpsHandler & { __trigger: unknown };
+
+export function onRequest(
+  opts: HttpsOptions,
+  handler: HttpsHandler
+): HttpsFunction;
+export function onRequest(handler: HttpsHandler): HttpsFunction;
+export function onRequest(
+  optsOrHandler: HttpsOptions | HttpsHandler,
+  handler?: HttpsHandler
+): HttpsFunction {
+  let opts: HttpsOptions;
+  if (arguments.length === 1) {
+    opts = {};
+    handler = optsOrHandler as HttpsHandler;
+  } else {
+    opts = optsOrHandler as HttpsOptions;
+  }
+
+  if ('cors' in opts) {
+    const userProvidedHandler = handler;
+    handler = (req: Request, res: express.Response) => {
+      cors({ origin: opts.cors })(req, res, () => {
+        userProvidedHandler(req, res);
+      });
+    };
+  }
+  Object.defineProperty(handler, '__trigger', {
+    get: () => {
+      const baseOpts = options.optionsToTriggerAnnotations(
+        options.getGlobalOptions()
+      );
+      // global options calls region a scalar and https allows it to be an array,
+      // but optionsToTriggerAnnotations handles both cases.
+      const specificOpts = options.optionsToTriggerAnnotations(
+        opts as options.GlobalOptions
+      );
+      return {
+        // TODO(inlined): Remove "apiVersion" once the latest version of the CLI
+        // has migrated to "platform".
+        apiVersion: 2,
+        platform: 'gcfv2',
+        ...baseOpts,
+        ...specificOpts,
+        labels: {
+          ...baseOpts?.labels,
+          ...specificOpts?.labels,
+        },
+        httpsTrigger: {
+          allowInsecure: false,
+        },
+      };
+    },
+  });
+  return handler as HttpsFunction;
+}
+
+export function onCall(
+  opts: HttpsOptions,
+  handler: CallableHandler
+): HttpsFunction;
+export function onCall(handler: CallableHandler): HttpsFunction;
+export function onCall(
+  optsOrHandler: HttpsOptions | CallableHandler,
+  handler?: CallableHandler
+): HttpsFunction {
+  let opts: HttpsOptions;
+  if (arguments.length == 1) {
+    opts = {};
+    handler = optsOrHandler as CallableHandler;
+  } else {
+    opts = optsOrHandler as HttpsOptions;
+  }
+
+  const origin = 'cors' in opts ? opts.cors : true;
+  const func = common.onCallHandler({ origin, methods: 'POST' }, handler);
+
+  Object.defineProperty(func, '__trigger', {
+    get: () => {
+      const baseOpts = options.optionsToTriggerAnnotations(
+        options.getGlobalOptions()
+      );
+      // global options calls region a scalar and https allows it to be an array,
+      // but optionsToTriggerAnnotations handles both cases.
+      const specificOpts = options.optionsToTriggerAnnotations(
+        opts as options.GlobalOptions
+      );
+      return {
+        // TODO(inlined): Remove "apiVersion" once the latest version of the CLI
+        // has migrated to "platform".
+        apiVersion: 2,
+        platform: 'gcfv2',
+        ...baseOpts,
+        ...specificOpts,
+        labels: {
+          ...baseOpts?.labels,
+          ...specificOpts?.labels,
+          'deployment-callable': 'true',
+        },
+        httpsTrigger: {
+          allowInsecure: false,
+        },
+      };
+    },
+  });
+  return func as HttpsFunction;
+}
diff --git a/tsconfig.release.json b/tsconfig.release.json
index b8f2632fd..a53421f8f 100644
--- a/tsconfig.release.json
+++ b/tsconfig.release.json
@@ -10,5 +10,10 @@
     "target": "es2018",
     "typeRoots": ["./node_modules/@types"]
   },
-  "files": ["./src/index.ts", "./src/logger/index.ts", "./src/logger/compat.ts"]
+  "files": [
+    "./src/index.ts",
+    "./src/logger/index.ts",
+    "./src/logger/compat.ts",
+    "./src/v2/index.ts"
+  ]
 }