Licaria ramiroi, a species endemic to western Mexico, is described and illustrated. The ascription of the new species to Licaria is analysed. It is classified in the subgen. Licaria and is most closely related to L. triandra and L. siphonantha from which it differs by its glabrous vegetative and floral structures, stamens mainly with free anthers and the inner wall of the receptacle sericeous. According to the IUCN criteria, the species is classified as critically endangered.