No, they are not the same. Winding up a local company refers to liquidation, where a liquidator is hired to assist the company in paying off all the debts and distributing them among the stakeholders. It is a more formal procedure suitable for companies undergoing insolvency or legal proceedings.While 'striking off' refers to the dissolving of the company and striking off the company in Singapore from the Company Register, mostly referring to voluntarily striking off. This is an easier and faster process suitable for qualified small or dormant companies in Singapore.