Hi @Gal, Ofer (Israel) ,
Yes, it is possible to apply a retention label for a folder individually. Select the folder in the library and Click the "···", select Details in the expanded menu, select the retention label for 2 years deletion under Apply label.
If the answer is helpful, please click "Accept Answer" and kindly upvote it. If you have extra questions about this answer, please click "Comment".
Note: Please follow the steps in our documentation to enable e-mail notifications if you want to receive the related email notification for this thread.