What are the visa & residency requirements in Pinki?

"In order to visit Pinki, visitors must obtain a visa from the Latvian Embassy or Consulate in their home country. The visa application process requires applicants to submit a valid passport, a completed visa application form, a passport-sized photograph, and proof of sufficient funds to cover the duration of the stay. Depending on the purpose of the visit, additional documents may be required. In order to obtain residency in Pinki, Latvia, applicants must submit a completed application form, a valid passport, a passport-sized photograph, proof of sufficient funds to cover the duration of the stay, and proof of health insurance. Depending on the purpose of the residency, additional documents may be required. Once the application is approved, the applicant will receive a residence permit, which must be renewed every year," said another expat in Pinki, Latvia.