Police will allege in court the women were given "stupefying" drugs, were subjected to controlled living, financial and work conditions, and had also been tattooed as "being his property."
Detective Inspector Juliet Hancock said the Prostitution Enforcement Taskforce had received a tip off late last year.
"This investigation is still ongoing," she said.
Hancock said police were investigating whether there were any more alleged victims and encouraged anyone with further information to come forward.
The man was charged with ten offences in total, including conducting a business involving servitude, conducting a business of unlawful prostitution, possession of dangerous drugs and utensils and making recordings in breach of privacy.
The woman will face court on two charges, including conducting a business of unlawful prostitution and contravening an order under the Queensland Criminal Code.
The pair were remanded in custody and were expected to appear in Brisbane Magistrates Court on Friday.