The invention provides a preparation process for a highly-flame-retardant, irradiation-crosslinked, low-fume and low-halogen polyolefin material. The preparation process comprises the following steps:subjecting EEA, PE, POP and a compatibilizing agent to premixing and modifying, and carrying out granulating for subsequent usage; adding hydromagnesite powder into a surfactant, carrying out mixing,and subjecting mixed particles, powder, a halogen-based flame retardant, antimonous oxide, zinc borate, a lubricant, an antioxidant and a crosslinking agent to mixing at a high speed; subjecting a mixed semi-finished product to high-temperature melting in a formula proportion, after the material is completely molten into a material lump, carrying out further mixing and dispersing, then carrying out discharging, and subjecting a remixed material to granulating; after completion of molding and granulating, allowing the material to pass through a honeycomb plate located at the front end of a single screw, and carrying out granulating; and after the material is granulated, carrying out cooling and sieving through a pipeline, selecting particles with a length of 3 to 5 mm as qualified products, and carrying out packaging. According to the invention, through combination of a plurality of flame retardants, excellent flame retardancy is achieved; meanwhile, compared with a PVC material, the material provided by the invention is greatly reduced in the amount of fuming, and has the advantages of low fume density and excellent and stable physical properties.