What are the visa & residency requirements in Barbados?

"In order to visit Barbados, visitors must obtain a visa prior to arrival. The process of applying for a visa involves submitting an application form, a valid passport, and a fee to the Barbados Immigration Department. Visitors may also be required to provide proof of sufficient funds to cover their stay in Barbados. In order to obtain residency in Barbados, applicants must submit an application form, a valid passport, and a fee to the Barbados Immigration Department. Applicants may also be required to provide proof of sufficient funds to cover their stay in Barbados, as well as evidence of employment or business activities in Barbados. Additionally, applicants may be required to provide a police certificate of good conduct and a medical certificate," mentioned another expat when asked about moving to Barbados.