Cloud services are not available in this subscription
The error is caused because the Cloud Services still use the old deployment model that is based on Azure Service Management (ASM).
To deploy an ASM based component to Azure you need to be ‘co-admin’ for the subscription.
Right now you are ‘Owner’ on the new portal but this role only has impact on the new ARM based resources.
So, just ask your subscription admin to login to the old portal (https://manage.windowsazure.com) and make you co-administrator:
- Login to the old portal
- Click on Settings –> Administrators
- Click on the Add button at the bottom
- Enter the co-admin email address and click on the OK button.
After this reload your Visual Studio and the problem will be solved.