What are the visa & residency requirements in Corozal?

"To apply for a visa to Corozal, applicants must submit a valid passport, a completed visa application form, two passport-sized photographs, and proof of sufficient funds to cover the duration of the stay. The visa application must be submitted to the nearest Belizean embassy or consulate. Once the visa is approved, the applicant will receive a visa stamp in their passport. To apply for residency in Corozal, Belize, applicants must submit a valid passport, a completed residency application form, two passport-sized photographs, proof of sufficient funds to cover the duration of the stay, and a police record. The residency application must be submitted to the nearest Belizean embassy or consulate. Once the residency is approved, the applicant will receive a residency stamp in their passport," mentioned another expat when asked about moving to Corozal, Belize.