What are the visa & residency requirements in Penang?

"In order to visit Penang, visitors must obtain a valid visa prior to their arrival. The process of applying for a visa involves submitting an application form, passport-sized photographs, and a valid passport to the Malaysian Embassy or Consulate in the visitor's home country. Depending on the type of visa, additional documents may be required. In order to obtain residency in Penang, Malaysia, applicants must submit an application form, passport-sized photographs, and a valid passport to the Malaysian Immigration Department. Additional documents may be required, such as proof of employment, proof of financial stability, and proof of health insurance. Once the application is approved, the applicant will be issued a residency permit," remarked another expat who made the move to Penang, Malaysia.