Does the Create a Team button show up if you log out and log back in?

Thank you, @kamaln7.

Nothing has changed after log out and log in.

After some experimenting – I suspect, it has to do with me did a “transformation” of a personal account into a team with transition of all droplets, etc. It seems to me, that this “transformed” account behaves differently from a simple account. When I have added a new member to my original “main” team, this new member has a “Create Team” button in his settings. My issue is solved with this workaround – just create one more “normal” user and it behaves as documented.

Thanks to all participants!

Thanks for following up @McCloud. You’re right, once you’ve converted an existing account to a team account, you won’t be able to create new teams under it as it is a team and not a regular account. Your workaround is actually the right course of action in this case :)