How to create and start VirtualBox VM without GUI

Suppose you want to create and run virtual machines (VMs) on VirtualBox. However, a host machine does not support X11 environment, or you only have access to a terminal on a remote host machine. Then how can you create and run VMs on such a host machine without VirtualBox GUI? This can be a common situation for servers where VMs are managed from remotely.Suppose you want to create and run virtual mach