The raids took place on Monday, July 22, at addresses in Donegall Quay and south Belfast during an intelligence-led operation.
The men, aged 26 and 33, have been charged with a number of offences, including possession of a class B controlled drug, possession of a class B controlled drug with intent to supply, importing a controlled drug.
They are further charged with converting criminal property, possessing criminal property, possession of a false identity document without reasonable excuse and illegal entry to United Kingdom.
They are expected to appear before Belfast Magistrates’ Court on Wednesday, July 24.
A total quantity of suspected cannabis, thought to be worth around £500,000, was recovered during the policing operation.
A large quantity of cash was also seized during the search.