Proper way to change language at runtime

I believe the solution shown in Hans Passant’s comment might be the only (general) solution.

Personally, I use this base class for all forms that need to be localized:

public class LocalizedForm : Form
{
    /// <summary>
    /// Occurs when current UI culture is changed
    /// </summary>
    [Browsable(true)]
    [Description("Occurs when current UI culture is changed")]
    [EditorBrowsable(EditorBrowsableState.Advanced)]
    [Category("Property Changed")]
    public event EventHandler CultureChanged;

    protected CultureInfo culture;
    protected ComponentResourceManager resManager;

    /// <summary>
    /// Current culture of this form
    /// </summary>
    [Browsable(false)]
    [Description("Current culture of this form")]
    [EditorBrowsable(EditorBrowsableState.Never)]
    public CultureInfo Culture
    {
        get { return this.culture; }
        set
        {
            if (this.culture != value)
            {
                this.ApplyResources(this, value);

                this.culture = value;
                this.OnCultureChanged();
            }
        }
    }

    public LocalizedForm()
    {
        this.resManager = new ComponentResourceManager(this.GetType());
        this.culture = CultureInfo.CurrentUICulture;
    }

    private void ApplyResources(Control parent, CultureInfo culture)
    {
        this.resManager.ApplyResources(parent, parent.Name, culture);

        foreach (Control ctl in parent.Controls)
        {
            this.ApplyResources(ctl, culture);
        }
    }

    protected void OnCultureChanged()
    {
        var temp = this.CultureChanged;
        if (temp != null)
            temp(this, EventArgs.Empty);
    }
}

Then instead of directly changing Thread.CurrentThread.CurrentUICulture, I use this property in static manager class to change UI culture:

public static CultureInfo GlobalUICulture
{
    get { return Thread.CurrentThread.CurrentUICulture; }
    set
    {
        if (GlobalUICulture.Equals(value) == false)
        {
            foreach (var form in Application.OpenForms.OfType<LocalizedForm>())
            {
                form.Culture = value;
            }

            Thread.CurrentThread.CurrentUICulture = value;
        }
    }
}