diff --git a/custom_deps/.gitignore b/custom_deps/.gitignore
new file mode 100644
index 0000000000..83866b6690
--- /dev/null
+++ b/custom_deps/.gitignore
@@ -0,0 +1,4 @@
+*
+!.gitignore
+!OWNERS
+!README.md
\ No newline at end of file
diff --git a/custom_deps/OWNERS b/custom_deps/OWNERS
new file mode 100644
index 0000000000..76719caca0
--- /dev/null
+++ b/custom_deps/OWNERS
@@ -0,0 +1,2 @@
+machenbach@chromium.org
+sergiyb@chromium.org
\ No newline at end of file
diff --git a/custom_deps/README.md b/custom_deps/README.md
new file mode 100644
index 0000000000..f49930fb93
--- /dev/null
+++ b/custom_deps/README.md
@@ -0,0 +1,2 @@
+Common directory for custom dependencies pulled in via .gclient custom_deps.
+All subdirectories are ignored by git by default.
\ No newline at end of file