The error was the following:
After some research I've found the solution and because apparently could happens also creating VM with Windows Server 2016 I decided to blog about it..
the issue is generated by Dynamic memory option in VM options that is selected by default.
To be able to create the VM I've shud down the VM and deselected the setting. After this I was able to complete the setup.
Once you have completed the setup, you could re-enable the virtual memory option.
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