Hi @Michael Heinrich ,
A recent change now restricts tenant creation by requiring paid P1 or greater licenses. If the Entra ID P2 license is a trial license, that is not enough (even if you have a Pay-As-You-Go). Can you please confirm whether the Premium P2 license is a paid license or a trial license?
If you already have a paid P2 license, I would recommend logging out and logging in again to make sure the change has reflected in the Portal. If there is any error or greyed out area you see, please share it so I can help diagnose.
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