What are the visa & residency requirements in Lithuania?

"In order to visit Lithuania, foreign nationals must obtain a visa from the Lithuanian Embassy or Consulate in their home country. The process of applying for a visa involves submitting a completed application form, a valid passport, two passport-sized photographs, and any other documents required by the Embassy or Consulate. In order to obtain residency in Lithuania, foreign nationals must apply for a residence permit. The process of applying for a residence permit involves submitting a completed application form, a valid passport, two passport-sized photographs, proof of financial means, proof of health insurance, and any other documents required by the Lithuanian Migration Department," remarked another expat who made the move to Lithuania.