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That’s normal. The "instances remaining" counter shows how many more workloads you can protect. When you first install, you have 10 available instances. After you add 10 VMs, it will show 0 remaining. That means you are at the limit, not that your license is invalid.

Run the installer again. Make sure you are not using an evaluation build from a hardware vendor. Download the official copy from Veeam.com. download license veeam backup free

: Protects up to 10 workloads, including VMware, Hyper-V, Windows, Linux, and NAS. Veeam Agent for Microsoft Windows (Free Edition) That’s normal

Go to the official Veeam website: https://www.veeam.com After you add 10 VMs, it will show 0 remaining

Older versions (v9.5 and earlier) did not have a perpetual free license. You must use Veeam Backup & Replication v10 or newer (current version is v12.1 as of 2025). If you have an old ISO, download the latest from the Veeam website.