Paratanais rosadi sp. n. described from Puerto Rican coastal waters represents the first species of the genus from the northwestern Atlantic. It is distinguished from the other Paratanais species by a combination of characters, including article-2 of the maxilliped palp with a geniculate, finely-serrulate seta on inner margin; chela with stiff, geniculate, seta arising from propodus between fixed finger and dactylus and with short,stout, finely serrulate, seta on inner distal face of propodus adjacent to base of dactylus; carpus of pereopods 4-6 having three, instead of four stout modified spiniform setae distally, uropodal exopod distinctly shorter than endopodal article-1; and uropodal endopod with articles of about of equal in length. A key for the separation of Paratanais species from the Atlantic Ocean is presented.