What are the visa & residency requirements in Grenada?

"To apply for a visa to Grenada, travelers must submit an application form, a valid passport, and a valid return ticket. Depending on the purpose of the visit, additional documents may be required. Once the application is approved, the visa will be issued. To apply for residency in Grenada, applicants must submit an application form, a valid passport, a valid return ticket, a police clearance certificate, and proof of financial means. Depending on the purpose of the residency, additional documents may be required. Once the application is approved, the residency permit will be issued," remarked another expat who made the move to Grenada.