What are the visa & residency requirements in Laos?

"To enter Laos, visitors must obtain a visa in advance. The process of applying for a visa involves submitting an application form, passport-sized photos, and a valid passport to the Lao Embassy or Consulate. Depending on the type of visa, additional documents may be required. To apply for residency in Laos, applicants must submit a completed application form, passport-sized photos, a valid passport, and proof of financial stability. Depending on the type of residency, additional documents may be required. Applicants may also need to provide a medical certificate and a police clearance certificate. Once the application is approved, the applicant will be issued a residency permit," mentioned another expat when asked about moving to Laos.