An emulsion composition for flameproof foam sheet which comprises components (A)-(C) wherein the amount of component (B) is 5-50 parts by weight per 100 parts by weight of component (A) (based on solid content), and the amount of component (C) is 50-350 parts by weight per 100 parts by weight of component (A) (based on solid content):(A): An emulsion of ethylene-vinyl ester copolymer which is composed of 5-35% by weight of (a.sub.1) ethylene and 95-65% by weight of (a.sub.2) vinyl ester and, whose glass transition temperature is -25.degree. C.-+15.degree. C. and toluene-insoluble part is 30% or more by weight;(B): Thermal expansive hollow micro bead;(C): Inorganic filler.The emulsion composition of the invention, which does not contain vinyl chloride-containing copolymer, which generates poisonous chloride gas at the time of disposal by burning, is superior in mechanical strength, crack resistance, water resistance, alkali resistance, blocking resistance, foaming property and embossing property, which are required as the essential properties for foam wall paper, and further superior in flame resistance, and can be used for flameproof foam sheet for wall paper.