Step 1. First of all log in to your server as root and make sure that all packages are up to date.
#apt-get update
#apt-get upgrade

Step 2. Instal Apache web server on your Ubuntu 14.04 VPS if it is not already installed.
#apt-get install apache2

Step 3. Next, install PHP on your server. 
#apt-get install php5 php5-mysql

Once the installation is done add the following PHP modules required by OwnCloud:
#apt-get install php5-gd php5-json php5-curl php5-intl php5-mcrypt php5-imagick

Step 4. Install MySQL database server.
#apt-get install mysql-server

By default, MySQL is not hardened. You can secure MySQL using the mysql_secure_installation script. you should read and below each steps carefully which will set root password, remove anonymous users, disallow remote root login, and remove the test database and access to secure MySQL.

Step 5. Create a new MySQL database for OwnCloud using the following commands.
#mysql -u root -p
Enter password:
mysql> CREATE USER 'ownclouduser'@'localhost' IDENTIFIED BY 'YOURPASSWORD';
mysql> CREATE DATABASE ownclouddb;
mysql> GRANT ALL ON ownclouddb.* TO 'ownclouduser'@'localhost';
mysql> exi

Step 6. Installing Owncloud 8.
First we will need to download the latest stable release of OwnCloud on your server (at the time version 8.0.0).wget
#tar -xvf owncloud-8.0.0.tar.bz2 -C /var/www/html/

Set the directory permissions:
#chown www-data:www-data -R /var/www/html/owncloud/

Step 7. Configuring Apache for OwnCloud.
While configuring Apache web server, it is recommended that you to enable .htaccess to get a enhanced security features, by default .htaccess is disabled in Apache server. To enable it, open your virtual host file and make AllowOverride is set to All.For example, here i used external config file instead of modifying main file.

# nano /etc/apache2/sites-available/owncloud.conf

<IfModule mod_alias.c>
Alias /owncloud /var/www/html/owncloud
<Directory “/var/www/html/owncloud”>
Options Indexes FollowSymLinks
AllowOverride All
Order allow,deny
allow from all

Remember to restart all services related to Apache server.
#service apache2 restart

Step 8. Access OwnCloud application.
Navigate to and follow the easy instructions. Enter username and password for the administrator user account, click on the ‘Advanced options’ hyperlink and enter the data directory (or leave the default setting), then enter database username, database password, database name, host (localhost) and click ‘Finish setup’

The installation is is completed. You can manage your database name/password and credential in this page. After that, your storage will be online.

But, if you want to migrate your database/data folder from windows server(2008 actually), may be because the owncloud doesn't support windows server on owncloud 8.x.x, you can read my other article here.

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