What are the visa & residency requirements in Kosovo?

"In order to visit Kosovo, foreign nationals must obtain a visa prior to their arrival. The process of applying for a visa involves submitting an application form, a valid passport, two passport-sized photographs, and a fee to the Kosovo Embassy or Consulate in the applicant's home country. In order to obtain residency in Kosovo, foreign nationals must submit an application form, a valid passport, two passport-sized photographs, and a fee to the Kosovo Ministry of Internal Affairs. The application must also include a valid work permit, proof of sufficient funds, and a valid health insurance policy. Once the application is approved, the applicant will receive a residence permit, which must be renewed every year," mentioned another expat when asked about moving to Kosovo.