@SR VSP ,
By defaults, all users can create team. This is the recommended approach because it allows users to start collaborating without requiring assistance from IT.
Your company may have set a policy restricting who can create Office 365 groups or teams. It needs you check with your IT admin to understand your company’s policy for creating policy for creating groups and teams.
As a supplement, you can learn more from this article about how to manage who can create Microsoft 365 Groups.
If the response is helpful, please click "Accept Answer" and upvote it.
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.