What are the visa & residency requirements in Micronesia?

"Visitors to Micronesia must obtain a visa prior to arrival. The process of applying for a visa involves submitting an application form, a valid passport, and a passport-sized photograph to the nearest Micronesian embassy or consulate. The application must also include proof of sufficient funds to cover the duration of the stay. The process of applying for residency in Micronesia involves submitting an application form, a valid passport, and a passport-sized photograph to the nearest Micronesian embassy or consulate. The application must also include proof of sufficient funds to cover the duration of the stay, as well as evidence of employment or other means of support. Additionally, applicants must provide evidence of a clean criminal record and a medical certificate. Once the application is approved, the applicant will be issued a residency permit," remarked another expat who made the move to Micronesia.