Yes, I have multiple hyper-v servers added and are visible in "Inventory"
I have option "Instant recovery" when I right click on backups that are on local storage, but I don't this option when I click on my cloud backup.
So maybe is there any other procedure to do this (export then convert to vm)?
If this cloud server is backed up to a veeam Backup Repository, then it should work. Backup Mode looks ok.
It will not work if you targeted the backup of this agent to a veeam cloud connect repository for doing the backup.
I recommend to open a support case, if it's still greyed out. It's difficult for us to analyze this over the forum.
No, you don't understand me, it's a local physical server which is backup by "Backup Copy" job and backup repository is set to my cloud service provider.
So I send backup of my local server to cloud backup and I'm trying to restore it as VM.
For Instant Recovery to a Hyper-V VM, you can use Veeam Agent backups created on the Veeam backup repository. You cannot perform this operation with Veeam Agent backups created on the Veeam Cloud Connect repository.
You need to try this:
Create a VM, boot the VM with the recovery media and do a bare metal recovery. No direct restore possibility with the veeam B&R Server.