What are the visa & residency requirements in Israel?

"In order to visit Israel, foreign nationals must obtain a visa prior to their arrival. The process of applying for a visa involves submitting an application form, providing a valid passport, and paying the applicable visa fee. Depending on the purpose of the visit, additional documents may be required. In order to obtain residency in Israel, foreign nationals must submit an application to the Ministry of Interior. The application must include a valid passport, proof of financial stability, and a valid visa. Depending on the purpose of the residency, additional documents may be required. Once the application is approved, the applicant will be issued a residency permit," mentioned another expat when asked about moving to Israel.