You have differents things to do to have a "globalized" application.
1) Translate every label in your forms and controls in your application
You need to set the property "Localizable" to true on every form and control. This property enables the creation of resources files in each language and region. Now, with the property "Language", you can select which language you want to support. When you select a language in the combo box list, your form (or control) will be automatically switched to this language. Now, it is your job to translate every word in the control. As soon as you do a modification, Visual Studio will create a resource file for the specific language. (Per example, MyForm.fr-FR.resx for French-France).
2) Import every hardcoded string in your code into a resx file
Create a resource file (personnally, I use StringTable.resx) and add every string to translate in this file. After that, create a resource file for every language that you want to support and translate the strings in each file. Per example, if you want to support French, you create StringTable.fr.resx or StringTable.fr-FR.resx for French-France. With ResourceManager class, you can load each string.
Note: If you are using Visual Studio 2005 or 2008, you already have a resource files created by default.
3) You need to elaborate your forms and controls wisely
Guidelines from Microsoft: Microsoft Guidelines
4) Dealing with Date and Numbers
If your application creates data files which can be send to other user in other region, you need to think about it when you save your data in the file. So, always stock your datetime in UTC and do the conversion in local only when you load the information. The same thing applies to decimal number especially if they are stored in text.
When you will compile your application, Visual Studion will create satellite file like MyApplication.fr.dll in a subfolder fr. To load this dll, you need to switch the language of the current thread at the startup of your application.
Here the code:
CultureInfo ci = new CultureInfo("fr");
Thread.CurrentThread.CurrentUICulture = ci;